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The Water Cooler
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<blockquote data-quote="Dr. HK" data-source="post: 1630619" data-attributes="member: 3237"><p>From what I hear is that Hugo Chaves had invested Gold with Chase bank. Chase bank or any modern bank will lend out more than what they actually have on hand (gold, money). So Hugo wanted physical possession of his Gold and so Chase had to go on the market and purchase a large sum of Gold that they didnt have. As a result the Gold price spiked.</p></blockquote><p></p>
[QUOTE="Dr. HK, post: 1630619, member: 3237"] From what I hear is that Hugo Chaves had invested Gold with Chase bank. Chase bank or any modern bank will lend out more than what they actually have on hand (gold, money). So Hugo wanted physical possession of his Gold and so Chase had to go on the market and purchase a large sum of Gold that they didnt have. As a result the Gold price spiked. [/QUOTE]
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