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Re: thepennyking post# 13

Wednesday, 12/01/2004 7:38:26 PM

Wednesday, December 01, 2004 7:38:26 PM

Post# of 26
The next big scam to be revealed ...

The looping of gold contracts under gold leasing programs

Who's to say that the same reserve of gold is not being leased multiple times...

The new trend in gold leasing....

Leasing proven reserves from mining companies...

In the attempt of not having to get into expensive mining projects and just continue the trend of exploration and prove properties... the next step of the evolution of gold leasing would be just that...I do not think much resistance would be against it...especially if they have actually did multiple leases on the same gold...

If the banks are forced to cover the actual leased reserves and leasing is not permitted anymore...then you would see a substantial jump in gold pricing and mining of gold...

The banks would then try force the abandonment of gold, however the impeding currency wars will not allow that to happen...the gold standard is coming and is coming in full force

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