OTC

BIS Finds Global Debt May Be Underreported By $14 Trillion

"Contracts worth tens of trillions of dollars stand open and trillions change hands daily. And yet one cannot find these amounts on balance sheets. This debt is, in effect, missing" the BIS finds in its latest quarterly assessment, which is a concerning as "the missing debt amounts to some $13-14 trillion."

The 1% Has Started To Embrace Bitcoin - Why It Matters

"2017 has been the year when an increasing portion of the 1% finally started to embrace Bitcoin... more wealthy people moving into the space helps provide some degree of political protection since we know that people with significant financial resources influence public policy. "

"I Hear Drake Has An ICO Coming..."

"When you see the waft of ICOs (Initial Coin Offerings) hitting the market, you have to ask yourself what these 'investors' are smoking..."

Soros' Worst Trade

"...the seller was high-stakes Wall Street investor, George Soros. 'You ought to talk to George about that trade, if he’ll talk to you', Rubin suggests... 'Motty. He was long up the ying yang and he panicked." I just remember it as the day I out-traded the great George Soros."

 

How Many Gold Bars Do London Vaults Hold

This week for the first time - in the name of "transparency" - the London Bullion Market Association unveiled that as at 31 March, 2017 there were 7,449 tonnes of gold, or 596,000 gold bars, valued at $298 billion sotred in the vaults around London as well as $19 billion in silver. Here are the full details of what was unveiled.