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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (71403)	6/9/2001 3:11:19 PM
From: baystock	Read Replies (1) \| Respond to of 116770

<They could have obtained a gold loan at about 1%, if they were willing to put up about 545,000 ounces as collateral> Do you have data to support this statement ? I find it strains my credibility to believe that only 500K oz of gold IN THE GROUND is sufficient collateral for a $150 million loan. I would expect that the bullion bankers would require enough gold to be hedged so that the PROFITS (not just the revenues) from the sale is adequate to pay off the loan.