Silicon Investor (SI) -- The First Internet Community

STOCKTALK

POLITICS
PASTIMES

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: goldsnow who wrote (21912)	10/18/1998 3:32:00 PM
From: EyeDrMike	Read Replies (2) \| Respond to of 116764

<< 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. >> How can a borrower sell something he has leased?