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"They sell gold forward that doesn't exist now, but will when they need to deliver because Barrick makes gold. The people they sell it to are well aware of this, so it is none of your concern."

But, the total amount of gold sold foreward is 7 years of production. People that are long the market don't want to wait 7 years to receive delivery on their contract.

Also "the people they sell it to" is you and me. They have sold our gold into the market (with the theoretical expectation of getting it back) and we will never get it back. The government has changed the definition of gold held in storage and has lied about how much physical gold is in the vaults.

Do a little research, please...

But, the total amount of gold sold foreward is 7 years of production.

This is why Barrick bought Homestake. They needed Homestake's production to get out from under the hedges. If I was a long-term Homestake holder, I'd want a piece of this litigation. Fortunately, I made a killing on my Homestake :-)

Gold production at most miners is declining due to the lack investment in new exploration. If I was Barrick's banker, I'd be seriously concerned as to whether they can meet these deliveries.

But, the total amount of gold sold foreward is 7 years of production. People that are long the market don't want to wait 7 years to receive delivery on their contract.

that's just not true. When you go to buy gold, you get it. How could they sell you what they don't have? The answer is that when they sell forward, they sell to people who are buying gold in the future, not gold in the present.

Also "the people they sell it to" is you and me.

That's not true, as explained above.

They have sold our gold into the market (with the theoretical expectation of getting it back) and we will never get it back.

Your gold? How did they sell your gold? Did they break into your house and steal it?

The government has changed the definition of gold held in storage and has lied about how much physical gold is in the vaults.

Not sure about that.

Do a little research, please...

LOL. You gold bugs are one bizarre bunch. I like gold, and if I had extra cash would buy some. But believe me, you can't sell more gold than exists. When they sell future production, they sell future production. It's not a tough concept. Oil companies do it too.