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Bullboard - Stock Discussion Forum LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Metals & Mining Gold

TSX:LSG.DB - Post Discussion

LAKE SHORE GOLD CORP 6.25 PCT DEBS > A real wonder
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Post by rallard on Nov 12, 2013 10:47am

A real wonder

The 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.
Comment by BrahmaViddo on Nov 12, 2013 12:00pm
Uh huh.. im sure you've personally toured their vault and weighed all the gold bars... uh huh... put your tin foil hat back on
Comment by rallard on Nov 12, 2013 1:08pm
The numbers are Public Domain even a Luddite could find it. Then again I guess pond scum may have trouble using a keyboard.
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