You owned it, or the Fed did?
Normally a balanced operation, the companies' hedge books became fronts for a Fed gold-dumping operation that suppressed gold prices in the 90's.
That's an interesting claim, any proof?
Commish, use of Black Card cash tranches from Helicopter Ben
Can you translate that into English?
and "near-perfect knowledge" to graze on the smalls.
Near-perfect? That's funny.
They can make money in any environment.
Yeah, silly to make claims about free money.
Not my coinage. Someone in the financial press was describing the information available to big players like Morgan Stanley and especially Goldman. Those big investment bankers have so many contacts over at the Fed (esp. former fellow employees who leak like collanders) that it's like having live video feeds.
Like I said, I didn't make that one up.