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


To: long-gone who wrote (76640)9/16/2001 12:53:14 PM
From: John Soileau  Read Replies (2) | Respond to of 116816
 
Grist for the mill

CBS.MarketWatch.com
Last Update: 6:23 PM ET Sept. 14, 2001

Excerpts:

... confirmation that about 12 tons of gold, worth roughly $106
million, are buried in the debris pile from New York City's devastated World Trade Center.
The gold bars were stored in an underground warehouse near the Twin Towers and held on
behalf of Comex....

...Jonathan Potts, managing director at FideliTrade Inc., co-parent of the Delaware
Depository Services along with AT Systems, said there's no way of knowing when the gold
will be dug out of the rubble....

.....John Mesrobian, president of Constantinople Advisors in Williamsburg, Va. argued that
there is actually very little real physical gold around to borrow and that bullion banks are
"in trouble," because they can't deliver and warehouse stocks were low to begin with...