Venezuela Pays Citi $172 Million To Recover Swapped Gold
“showed that, despite a broad default on billions of dollars in bonds, Venezuela is meeting some financial commitments…” Here’s the details…
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Central Banks DO CARE About The Price Of Gold And OF COURSE They Manipulate It
“Central bank gold price suppression is a well-documented fact…It also shouldn’t be surprising that central banks intervene…” Here’s why…
Continue readingThe Last Time Gold Swaps Were On The Rise Like This There Was Physical Gold Tightness
There’s only a couple of reasons for the big increase in gold swap and gold derivatives at the BIS. Here’s what those reasons could be…
Continue readingJeffrey Christian And Reuters ‘Discuss’ Venezuelan Gold Lapse To Deutsche Bank
Here’s the, eh-hem, details on the Venezuelan lapse on the DB gold lease…
Continue readingArgentina Leases 11 Tons Of Gold To U.K. In LONG TERM PLAN For Loans
Though Argentine newspaper Clarin says the strategy is to buy Japanese yen for the carry trade to speculate in the stock market. Here’s the latest…
Continue readingFund Manager: BIS Is Flooding Market with Physical Gold EVEN MORE SO THAN IN 2011
Backwardation and soaring demand, but falling gold prices. Dave Kranzler shows how the BIS has opened up the flood gates in physical gold even more than they did leading up […]
Continue readingThe Swiss Gold Initiative
On November 30, the good people of Switzerland will finally get an opportunity to make their voices heard. The Swiss Gold Initiative can be roughly stated in three parts: The […]
Continue readingIf Your Central Bank Keeps Gold At The NY Fed, It’s Gone
All bars brought into the vault for deposit are carefully weighed, and the refiner and fineness (purity) markings on the bars are inspected to ensure they agree with the depositor […]
Continue readingChinese Gold Leasing: Hidden Danger
Businesses in China are using gold leasing from banks to solve their short-term funding problems in the hope of buying back the gold at lower levels to repay the lease. […]
Continue readingVenezuela to Sell or Swap 1.45 Million Oz of Gold to Goldman Sachs
Venezuela’s El-Nacional is reporting that Venezuela has signed an agreement with the Vampire Squid to swap or exchange 1.45 million oz of the country’s international gold reserves effective Oct 2013, […]
Continue readingAlasdair Macleod on the First Western Central Bank to Admit Gold Leasing
“Throughout these years no more than half of the gold has been invested. Gold has been invested in for example deposits similar to money market deposits and gold interest rate […]
Continue readingTexas to Repatriate Gold From NY Fed? Them’s Fightin Words!
By Bill Holter: There is a bill proposed to the Texas legislature that would allow various state pension plans to invest directly in PHYSICAL Gold. The proposed bill would create […]
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