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[sharechat] Ounces of Gold Question?

From: Patrick Charles <>
Date: Fri, 5 Dec 2003 11:44:17 -0800 (PST)


I think. The U.S. economy looks like it will pick up
just in time for
the elections, right on schedule, according to plan.
After it takes
off, interest rates will go up, lifting the dollar.
Since gold didn't
rise much against the euro, it shouldn't fall against
the euro, and
the 2 should fall against the dollar next year.

The consequence for the 'carry trade' is that the
purchase of an
option to sell gold over $400 over the next year will
be necessary.
Then if the price drops, you can sell your leased gold
at that price
then buy back the leased amount (+1% for the interest)
at the lower
price. Unfortunately, you'll also have to purchase an
option to buy in case of contingencies.

Does anyone know how much  ounces of gold you'd have
to buy to get the spot price (or sell)? 


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