The Conversation (2)
James Turk reported on Deciphering the BIS Gold Swap:
James Turk reported on Deciphering the BIS Gold Swap:
Much has been made recently of the news that the BIS last year completed a 380-tonne gold swap with an unnamed commercial bank. This BIS transaction intuitively strikes me as being hugely important. Unfortunately, the BIS and the bank involved have disclosed too little information for any of us outside the inner circle of central bankers to truly understand what is happening behind the scenes.
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