Wednesday, August 17, 2016

Gold in BIS swaps said to have come from looted bank customers’ deposits

July 31, 2010 by · Leave a Comment 

8:07p ET Friday, July 30, 2010 Dear Friend of GATA and Gold: If you want to believe the Financial Times, the 346 tonnes of gold swaps recently undertaken surreptitiously by the Bank for International Settlements were a matter of the BIS’ requiring three of the world’s biggest banks to pledge gold as collateral against U.S. [...]

Reg Howe: BIS swaps seem meant to stretch out paper gold

July 15, 2010 by · Leave a Comment 

12:25a ET Thursday, July 15, 2010 Dear Friend of GATA and Gold: Reginald H. Howe of GoldenSextant.com, plaintiff in the 2000 federal lawsuit against the Bank for International Settlements for gold market manipulation, analyzes the recent massive gold swaps undertaken by the BIS and figures that they are likely “the latest technique for giving official [...]