[arete]

Gold Derivatives: Moving towards Checkmate

Well I read it twice and found it to be way to complex for me to fully appreciate. I take it that the CB's have leased out their national treasures (gold reserves) and it can't be replaced without driving the price of gold through the roof -- is that about it? What if they simply "nationalize" the bullion banks? Is that possible?

Richard W.

[dalereed]

The one thing that hasn't been given much mention is the islamic nations converting from paper money to gold coins.

This is going to put a hugh drain in the available gold for jewlery and industrial uses to the rest of the world and could drasticly increase the price.