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Sunday, August 01, 2010

Very Curious Activity in the Gold Bullion Market Leads to Speculation that Banks are Short Tons of Gold


Huge gold swaps have recently occurred between the Bank for International Settlements and various banks in Western Europe and the United States. Bankers are attempting to play this up as "business as usual". However, the gold swaps that have been conducted lately are recording breaking in size, as far from "business as usual" as you can get.

Some believe that the swaps were, in fact, a bailout of various banks that did not have enough gold on hand for gold they were supposedly holding for various clients. As those clients demanded delivery of their gold, the BIS had to swing into action via gold swaps to obtain gold for the banks that were running up against supply shortages.'

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1 comment:

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