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View Full Version : Why the fall in the PM price



hiyosilver
19th October 2008, 04:00
"it has been central bank gold loans -- even more so than official gold sales -- that have really pulled the rug out from under gold. Gold loans by central banks are an alternative -- and invisible -- means of injecting liquidity into the banking system. These gold loans to banks and bullion dealers by the leading central banks are probably a significant multiple of outright official sales."

the rest of the article here:

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=70932&sn=Detail

research24
19th October 2008, 11:33
Central banks are neither buying or leasing. Rather they are buying. Have you seen the lease rates lately?
Going through the roof just like LIBOR and TED.

balou2
19th October 2008, 11:42
Central banks are neither buying or leasing. Rather they are buying. Have you seen the lease rates lately?
Going through the roof just like LIBOR and TED.

Neither buying or leasing, but buying? Not sure I understand this????

research24
19th October 2008, 12:50
Misspoke, meant neither selling nor leasing. Due to the financial crisis, most CB's are accumulating and hoarding gold as they see a "risk" of returning to some sort of gold standard. Besides, they're waking up to the reality that there is only one real money, gold and silver.

WallStreetTiger
19th October 2008, 13:17
There is plenty of proff out there abounding of the CB's buying loads of PM's. They need all the real Money they can get. They are the most greedy out of us all! They know full well what is happening.