Gold comments, page-17

its pretty simple really:

central banks lend gold to bullion banks at 1% PA. Bullion banks sell this gold in the market and re invest the cash at 5%. However the 'gold' debt to the central banks still remain, but the gold is gone!!

so, for the bullion banks to repay the central banks, at some point they will need to buy the gold back. No body knows when the central banks will call on these debts, but when they do....the SH%T is gonna hit the fan. Big time.

Unless these white collar bullion bank dealers get together and start prospecting quick smart, the only way they will buy the gold back is from the spot market and up she goes. When that happens, it will be awesome fireworks.

skippa