tag:blogger.com,1999:blog-6089228851855763774.post6591433298463777656..comments2024-03-29T07:10:06.022+08:00Comments on Gold Chat: The gold lease rate is not an interest rateBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6089228851855763774.post-65135235925412752312014-02-07T00:34:37.560+08:002014-02-07T00:34:37.560+08:00As a reader of Mad Magazine over the years I find ...As a reader of Mad Magazine over the years I find ZeroHedge appeals for many of the same reasons<br /><br />:-) obakesanhttps://www.blogger.com/profile/13743339737847465926noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-73124792446971247842014-02-06T16:03:15.371+08:002014-02-06T16:03:15.371+08:00Regarding "keeps their accounting books in go...Regarding "keeps their accounting books in gold" I should be more specific, as Keith was, that we keep hybrid books. We run multiple, and parallel, general ledgers in AUD, gold, silver, platinum and palladium. For statutory reporting purposes we have to translate the metal ledgers into AUD equivalent values but otherwise the metal ledgers are not "monetised" and kept separately.<br /><br />If all our staff and vendors requested payment in gold, then we could easily eliminate the AUD ledger and run our books primarily in gold.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.com