Watch: Why Did the BiS Trade Gold Swaps Recently?- GATA Analyst
Watch: Why Does the BiS Do Gold Swaps?
Submitted by GoldFix; Authored by Arcadia Economics
There's a corner of the gold market that gets very little coverage, as for years The Bank for International Settlements (the BIS) has been conducting gold swaps. Although as you may well have guessed, they're rarely very public about the motive behind the swaps or why they are being used. Here is the full interview with GATA friend Robert Lambourne on Arcadia describing just that.
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Robert Lambourne has been tracking their activity, and today he joins Chris on the show to explain what's being done with these swaps and why they are taking place.
Robert's latest regular analysis of gold swap activity is entitled: BIS gold swaps rose 47% to 100 tonnes in November
Full Video and more here
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