OK I will try to break down what happens with the bullion banks and the central banks in relation to gold leasing.
1. The central banks lease the gold to the bullion banks at 0.5% interest. (currently)
2. The bullion banks then sell the leased gold into the market.
That's a great money spinner huh?
In other words it is the same as me leasing or renting a home for a ridiculously low price, then selling that home into the market and I keep the money. Ohh but I do have to pay the landlord a token fee. LOL This is legal, can you believe that?
Ohh by the way, can you guess what the bullion banks do with the cash they get from the gold sales (not their gold by the way) ? That's right, they buy US debt, treasuries etc. all to give the illusion of a strong dollar.
Well thank goodness this craziness is about to end.
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