Gold Leasing Explained | Kitco News Mining News | KITCO
May 06, 2016· Chart 1: The 3months gold lease rate (orange line, in %) from July 1989 to 2002. ... And the gold mining industry expected the everfalling prices, so it was shorting gold heavily. However, as the price of gold started to rise (partially due to the decline in the real interest rates) in the 2000s, borrowing gold seemed an absurd strategy ...