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

To: Zardoz who wrote (27683)2/3/1999 6:10:00 PM
From: bob k  Respond to of 116790
 
It is reported that 25% (8,000+ tons out of 32,000 tons) of the gold
that is held in total by the worlds central banks has been leased.
That is, leased then sold!!!

World gold production is approx. 2,500 tons per year....
Consumption of gold is over 4,000 tons per year...

Think about those numbers.

Now if I leased 8,000 cars from General Motors and immediately sold
those cars, what would GM expect me to do when the lease expires?


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