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

To: GST who wrote (28607)	2/19/1999 7:30:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116893

I do not want to know even this basic facts..Would like to know what Rotshilds think/done :) I have my suspicions..

To: GST who wrote (28607)	2/20/1999 5:41:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116893

<< 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? Suspect the place would be London or NY. I understand the gold market is far thinner in all of Japan. The might buy from producers in Sydney. << Would they buy spot? Who buys the futures--producers?>> They could buy spot or futures, depending how much leverage they wished to play with and and what their goal was. If you are a jeweler who just starts business today, bet you would buy both spot & futures. If you have been a business that uses a lot of gold on a regular basis, you would buy forward to assure as constant(and in this case low) a price as possible. Producers might both buy and sell future delivery of gold based on their bet against(or for) market conditions - steady cash flow.<<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?>> These are the killer real solid questions, I do know most of the gold in London just changes hands, don't know how often a total audit is done.