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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Is gold selling and leasing by banks on the rise

Posted on 12 December 2011

The big feature of last week’s decline in the gold price has been the lending of gold into the market. Commercial banks could have been doing it, but there is evidence in the past that central banks have leased gold to cap the gold price and bring it down.
The gold price declines were so rapid and extensive that some investors theorized that central banks, including the Federal Reserve, were actively selling gold. The talk is that Commercial banks were unable to get the dollar liquidity they needed, leasing gold under their wings to facilitate these loans at lower interest rates………………………………………..Full Article: Source


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VRS - who has written 36221 posts on Opalesque Commodities Briefing.


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