SI
SI
discoversearch

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: Enigma who wrote (24861)12/23/1998 4:16:00 PM
From: Enigma  Read Replies (1) | Respond to of 116960
 
(con't) - the producers, as true hedgers, presumably run a loan account with central banks or intermediaries, and these loans are settled on an ongoing basis - possibly with gold from production - via the mint or whatever ultimate refinery they use. I don't know it there is any data re: the percentage of gold sold short by producers vs speculators - it is the latter breed where the cans of worms may reside. e



To: Enigma who wrote (24861)12/23/1998 5:35:00 PM
From: William Peavey  Read Replies (1) | Respond to of 116960
 
In the US when a lessee sells a leased item without the permission of the lessor, that act is innocuously termed "conversion". Lessors prefer this euphemism, as they hesitate to call it theft.

Bill Peavey