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Robert Lambourne: BIS gold swaps rose substantially in May

Section: Documentation

By Robert Lambourne
Sunday, June 9, 2024

Gold swaps undertaken by the Bank for International Settlements, the central bank of the world's central banks, rose by a substantial 31 tonnes in May over the 78 tonnes reported in April, reaching 109 tonnes, an increase of 40%.

The bank's statement of account of May, from which the gold swaps can be estimated, was published last week:

https://www.bis.org/banking/balsheet/statofacc240531.pdf

Robert Lambourne: BIS gold swaps rose 10 tonnes from February to April

Section: Documentation

By Robert Lambourne
Friday, May 31, 2024


Gold swaps undertaken by the Bank for International Settlements appear to have risen slightly in March and April, according to the bank's monthly statements of account for those months, both published this week:

Gold will rise despite its miners, but who will be allowed to profit?

Section: Documentation

Illustrations for these remarks can be viewed here: 

https://www.gata.org/sites/default/files/Powell_Singapore%202024%2005%20v3.pdf

* * *

Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
Mining Investment Asia Conference
Marriott Tang Plaza Hotel, Singapore
Thursday, May 16, 2024 

[ILLUSTRATION 1: Title]

Robert Lambourne: BIS gold swaps fall sharply in February, hinting at price reset

Section: Documentation

By Robert Lambourne
Sunday, March 10, 2024

Gold swaps undertaken by the Bank for International Settlements appear to have fallen sharply in February, according to the bank's monthly statement of account published last week:

https://www.bis.org/banking/balsheet/statofacc240229.pdf

The new statement allows an estimate of 68 tonnes of gold swaps at month's end, a 49-tonne reduction from January, when the estimated swaps were 117 tonnes.

The questions CFTC and Fed won't answer expose gold price suppression policy

Section: Documentation

9:44p ET Wednesday, February 28, 2024

Dear Friend of GATA and Gold:

If mainstream financial news organizations ever work up the courage to report honestly about monetary gold, the commanding heights of the issue will have been mapped out for them by U.S. Rep. Alex X. Mooney, R-West Virginia. 

After all, where can investigative journalism start better than with questions that already have been shown to be too politically sensitive for the highest government officials to answer, even when a member of Congress is asking?

Fed chairman refuses to answer congressman's questions on gold repatriation

Section: Documentation

By Ken Silva
HeadlineUSA, Charlotte, North Carolina
Wednesday, February 28, 2024

Concerned about a weaponized financial system, many countries have signaled plans to remove their gold and other assets from the United States in the wake of the unprecedented Western sanctions imposed on Russia over its invasion of Ukraine.

And at least one congressman is demanding answers from the Federal Reserve as to how much foreign gold has actually been removed from U.S. shores so far.

... Dispatch continues below ...

Robert Lambourne: Gold intervention by BIS fell 4 tonnes in January

Section: Documentation

By Robert Lambourne
Friday, February 9, 2024

The January statement of account for the Bank for International Settlements was published this week -- 

https://www.bis.org/banking/balsheet/statofacc240131.pdf

-- and allows an estimate to be made of the volume of gold swaps undertaken by the BIS at the month end: 117 tonnes, a 4-tonne reduction from the swaps volume as of the end of December.

Robert Lambourne: Gold intervention via BIS rose 21% in December

Section: Documentation

By Robert Lambourne
Thursday, February 1, 2024

Trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, continued in December. From information in the BIS statement of account for December, published this week --

https://www.bis.org/banking/balsheet/statofacc231231.pdf

Robert Lambourne: BIS gold swaps rose 47% to 100 tonnes in November

Section: Documentation

By Robert Lambourne
Friday, December 8, 2023

Trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, continued in November. From information in the BIS statement of account for the month, published recently —

https://www.bis.org/banking/balsheet/statofacc231130.pdf

— it is estimated that the volume of the bank’s gold swaps increased in the month by 32 tonnes, from 68 to 100 tonnes, up 47%. 

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