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

To: long-gone who wrote (28584)	2/19/1999 7:24:00 PM
From: GST	Read Replies (2) \| Respond to of 116892

Richard--lots of mud, and that was just enough to get oriented to the surface of the trading clock -- question -- which markets actually matter -- ie are deep enough to give a clear signal and deep enough for major commitments to be undertaken. Say, for example, if somebody wanted to actually buy a lot of gold, perhaps a major Japanese account, perhaps linked to the MOF, where would they trade for the metal -- London? Tokyo? New York? Would they buy spot? Who buys the futures--producers? Does the metal actually change hands through the LBMA, or is it all IOUs like a currency where people just have electronic accounts and nobody actually owns any gold except a small percentage as a show of good faith?