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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: ubetcha who wrote (16410)12/6/2002 1:08:18 PM
From: sea_urchin  Respond to of 81130
 
Terry, actually an interesting piece.

Of course, I know the story for a few years already. All the same, it's interesting to see the effect of the fall in interest rates on that whole exercise of borrowing gold and then selling it at returns higher than the lease rate and how the iceberg, in fact, is in the process of turning over.

Indeed, one wonders where they are going to get that short gold, even if it's 5000 tonnes, and especially if the price goes over $330. Someone is going to burn.