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GATA's consultant on BIS, Robert Lambourne, explains gold swaps
7:35p ET Wednesday, December 20, 2023
Dear Friend of GATA and Gold:
Chris Marcus of Arcadia Economics this week interviewed GATA's consultant on the Bank for International Settlements about the bank's heavy and largely surreptitious intervention in the gold market via gold swaps on behalf of the bank's central bank members.
Lambourne reports regularly via GATA on the BIS' swaps, which are obliquely reported in the bank's monthly reports. His most recent report is here:
https://www.gata.org/node/22939
In the interview he explains how the swaps work and what their likely purpose is.
The interview is 37 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=NUkxozH9D2I
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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