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BIS Gold Swaps Collapsed in January, Hinting at Collapse of Market-Rigging System
by Chris Powell, Gold Seek: Gold swaps undertaken by the Bank for International Settlements collapsed in January, according to calculations drawn by GATA consultant Robert Lambourne from the bank’s statement of account for January, published recently: https://www.bis.org/banking/balsheet/statofacc250131.pdf Lambourne writes that the BIS’ reported swaps as of January 31 totaled only 16 tonnes, down 62 tonnes […]
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