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To: hchutch
The problem is that the bullion banks sell gold that doesn't exist. If everyone who had an option to buy the gold tried to cash in, the world financial markets would implode. Nothing wrong making a fair profit, but conspiring to keep the gold price low by selling gold that doesn't exist is unfair to those who are trying to sell gold they actually own.
8 posted on 12/18/2002 10:58:37 AM PST by BearCub
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To: BearCub
The problem is that the bullion banks sell gold that doesn't exist.

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.

55 posted on 12/18/2002 5:37:25 PM PST by Rodney King
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