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

To: Little Joe who wrote (21911)	10/18/1998 2:45:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116764

Gold leasing. Central Banks, seeing their gold reserves as being non-performing assets, have been earning some returns by leasing bullion to qualified institutions at very low rates. The borrowers then sell the bullion, using the cash to purchase financial assets yielding higher returns than the cost of borrowing the gold. And, like in the case of the Yen carry, they have made even more profit because of the falling price of gold over the last couple of years. The only risk to the borrower is if the price of gold were to rise sharply. Thought to be extremely unlikely. Until ? chebucto.ns.ca