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<p>[QUOTE="fatima, post: 1453181, member: 22143"]Yes indeed. The original question was about the relationship between the silver lease rate and the price of silver. This rate only has meaning with the Central Banks and it's dealers. You are correct that individuals and even businesses don't get to participate here. It's got nothing to do with individual who may or may not lease their gold. It was clearly stated above, several times, but people seem to completely ignore it. At least the person who asked the question got his answer. </p><p><br /></p><p>As I said earlier, Central Banks don't lease gold/silver for profit. Profit is meaningless to an organization which has the power to create money out of thin air. Instead, gold leasing is one of the tools available to monetary policies and market operations conducted by central banks. In regards to Greece, that country is sitting on several hundred tons of it so assuming they move to their own currency then it's new central bank will used it as backing with the other central banks. (and it's not done by fiat $ value)[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1453181, member: 22143"]Yes indeed. The original question was about the relationship between the silver lease rate and the price of silver. This rate only has meaning with the Central Banks and it's dealers. You are correct that individuals and even businesses don't get to participate here. It's got nothing to do with individual who may or may not lease their gold. It was clearly stated above, several times, but people seem to completely ignore it. At least the person who asked the question got his answer. As I said earlier, Central Banks don't lease gold/silver for profit. Profit is meaningless to an organization which has the power to create money out of thin air. Instead, gold leasing is one of the tools available to monetary policies and market operations conducted by central banks. In regards to Greece, that country is sitting on several hundred tons of it so assuming they move to their own currency then it's new central bank will used it as backing with the other central banks. (and it's not done by fiat $ value)[/QUOTE]
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