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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

‘Gold covering’ and the price paranoia: Why $50,000 Gold is nothing!

Posted on 03 July 2013

The matter goes out of control when the person who has leased out the gold turns out to be a Central Bank. The Central Banks which have gargantuan reserves in gold have not parked it idle locked away in bullion vaults.
They lease gold and the kind of amount they lease is almost a state-secret! What would they do when they find it out that gold has sky-rocketed to insane levels and they could not get that gold back?………………………………Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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