That's classic! They're announcing that they're thinking about the possibility of leasing something that they do not have, have never seen and stand no chance of ever taking possession of! Talk about manipulation of perspectives. I hope they do it. It would be interesting to see people buy the leased, rehypothecated gold that doesn't exist and then stand for delivery. :lol: If India wanted to improve their balance sheet, all they would have to do is take delivery of the physical gold themselves and the US Dollar would probably collapse overnight.
Doesn't sound like leasing Sounds like borrowing 20 billion US dollars with gold as collateral The dollars would have to be paid back at the end of the swap contract
So the entity that leases the gold will do what with is? Try to push the lease off to another sucker in the hopes that that other party pays more for the lease than they did? I'm not sure I get it. Isn't that the embodiment of an overt pyramid scheme? .
Nope mmissinglink, that's the way how business is done in 21. century.^^ Imagine I would be son of wealthy tycoon. I would go to some media and say I will sell several kilos of gold, because it stinks. Next day all newspapers would be talking about it.
This did give me a laugh, it really does sound like they have just about run out of idea's. Also those stories about mining asteroids any time soon crack me up.
I've read there is plenty of interesting things in the sea. Maybe someday golden asteroid will fall on my car, I will call Superman to lift it and then will always wipe my nose with 500 bills which are getting rarer and rare to see...^^
If 200 tons of Au become available - any way it does - China will suck it up quicker than a sick hungry seagull on a chip. Gold is going one direction only ----- East. Who is going to be looking better in a couple of years? China with containers of physical gold or India with warehouses of Rupees? If in doubt - reference any history book. Here is the quizz Throughout history, he who wins has the most '????' ? Fill in the missing word. Gazza
One of the most influential man who ever lived on this (misery) planet said: "It is said that if you know your enemies and know yourself, you will not be imperiled in a hundred battles; if you do not know your enemies but do know yourself, you will win one and lose one; if you do not know your enemies nor yourself, you will be imperiled in every single battle." That was more than 2500 years ago. Many things which we are (re)learning again was once already said/written. Hence, you can't be prepared for future if you don't know the past. But if you "swim" in the past for too long you can became it's captive. So as Nietzsche said: And when you gaze long into an abyss the abyss also gazes into you. ^^
Classic how scammer Tyler Durden uses his negative GOFO rates - huge physical gold shortage - scam http://forums.silverstackers.com/topic-42281-a-historic-inversion-gold-gofo-rates-turn-negative.html as a source. The LIBOR reference sits close to zero which is the reason that the normal GOFO fluctuations around it reach the mathematical negative terrain. If you sit on the lowest step of a ladder, then you may hit the ground when you scratch your !ss. Nothing to do with gold shortages haha. The lack of criticism on Tyler Durden, the easy willingness to just accept anything he claims, is worrysome.
