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

To: Ironyman who wrote (95961)	9/25/2003 1:02:43 PM
From: Real Man	Read Replies (1) \| Respond to of 116929

They are still short, but they don't have to give it all back right now. I think there are a lot of bullion banks (JPM, mostly) who are short physical gold as well. They remain short on paper, the lease rates are nonexistent. So, they can pay them and remain short on paper. Until gold price shoots up to 1000. Then they will be insolvent on paper -g- And central banks will never get their gold back, or the market price for their gold. I guess they'll have to learn not to lease gold? Guess who were the buyers on BOE auctions?