Replies

To: bert

Why would London buy gold from individuals at $40 USD if they could buy it direct for $35?

A currency exchange must have been involved which serves to stabilize the value of the dollar.

12 posted on 05/11/2011 5:55:09 AM PDT by Aevery_Freeman (The 'Affirmative Action' pResident that destroyed America)

To: Aevery_Freeman

Cities don’t trade gold people trade gold. They bought it here and sold it there. it is arbitrage and old as time

16 posted on 05/11/2011 6:06:05 AM PDT by bert (K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))

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