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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Don Earl who wrote (14479)	11/13/2008 11:10:07 PM
From: Nevada9999	Read Replies (1) \| Respond to of 71412

Since everyone seems convinced that gold is going down in a deflationary environment, the central banks could drop gold lease rates, lease out what gold they haven't leased already and then quietly buy it back in the market as shorters, hedgers and carry traders sold it. They own 30% of the gold. Lease it out and buy it again would make 60%. Add another 15% and they could pull the same scheme Porsche just pulled with VW: announce that they own 75% of the gold and watch the shorts try to cover. They could pick their price and the market would take it there. It would be like the Washington Agreement on steroids. There would be lots more bailouts to do, but they seem to like those anyway. Just kidding (I think).