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


To: banco$ who wrote (18881)9/14/1998 10:32:00 PM
From: Bill Jackson  Respond to of 116753
 
Marcos, So these central sales are from other areas who feel gold will become demonetised totally. At what timne will that euro gold be free to sell.

I hear about these banks who lend gold for sale on tiny interest rates and it gets sold and that is why gold is down. At some time this gold must be repaid, unless it was a fraud on the bank and the money will get diverted to a swiss bank and never get repaid so the gold lender will get stiffed. If it gets repaid then when they buy to cover gold will ramp up?
I have heard this tale for a yaer now, of course with only .55 interest to pay it is easy to support the loan and the fiction persists.
Strange

Bill