TSX:LSG.DB - Post by User
Post by
rallardon Nov 12, 2013 10:47am
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Post# 21897333
A real wonder
A real wonderThe COMEX in New York is currently trading 1200 tons of gold but they only have 20 tons in the vault today hmmmm. So with some simple math you come up with 60 owners per one physical ounce of gold. Any enterprise that is leveraged 60:1 is in serious trouble, a delivery failure is not an if but a when.
LSG being a producer will be ready for that default.