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Documentation

The biggest scandal isn't what's illegal but what's perfectly legal

Section: Documentation

12:42p ET Monday, October 7, 2024

Dear Friend of GATA and Gold:

Today in their latest incisive criticism of the U.S. government's repeal of the Glass-Steagall Act in 1999, a decision that allowed federally insured banks to trade stocks and derivatives and thereby put the bank deposits of ordinary people at risk, Pam and Russ Martens of Wall Street on Parade reveal a telling detail about JPMorgan Chase Bank.

... Dispatch continues below ...

 

Robert Lambourne: BIS gold swaps rose again in August

Section: Documentation

By Robert Lambourne
September 6, 2024

The August statement of account for the Bank for International Settlements has just been published:

https://www.bis.org/banking/balsheet/statofacc240831.pdf

The U.S. is ready with a gold revaluation mechanism too

Section: Documentation

1:36a ET Thursday, August 15, 2024

Dear Friend of GATA and Gold:

In an interview this week with Mark Moss of Market Disruptors that is posted at YouTube --

https://www.youtube.com/watch?v=kbKoeDKZNuU

Robert Lambourne: BIS gold swaps rose 32 tonnes in July, seem tied to short-term trading

Section: Documentation

By Robert Lambourne
August 10, 2024

The July statement of account for the Bank for International Settlements has recently been published.

BIS annual report again confirms GATA's accuracy with bank's gold swaps

Section: Documentation

3:08p ET Thursday, August 1, 2024

Dear Friend of GATA and Gold:

GATA consultant Robert Lambourne today provides below his monthly report on the gold swaps maintained by the central bank of the central banks, the Bank for International Settlements, and superficially the report may seem ordinary, disclosing a small increase in BIS gold swaps from May to June, 7 tonnes, from 109 to 116.

Lambourne is too modest to highlight the most important development with the BIS' accounts. That is, the bank's annual report, dated March 31 --

Suppressing silver prices has been official U.S. policy since 1965

Section: Documentation

3:24p ET Sunday, July 21, 2024

Dear Friend of GATA and Gold:

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.

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