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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Al Cern who wrote (2512)	12/9/1998 2:26:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 81140

"Why then wouldn't they just settle in cash with the borrowers instead of this convoluted approach?" They have! >>"How can a borrower sell something he has leased?" Buy paying the lease rate, guarantee the purchase buy in price, and pay the default premium price. #reply-6065641<< >>"We have it on good authority that one hedge fund, with a short position of 12 million ounces, settled off the market to a central bank lender to avoid market panic," he said. This could mean, in effect, that the world's central banks could have far less gold in their vaults than they should. "In the new year, when the European Central Bank takes over, we will find some worms coming out of the woodwork," Kebble said. #reply-6455589 << So just maybe they would rather have the US Dollars, and NOT gold at all.