Secret gold swap has spooked the market | Lux Libertas – Light and …
By Rowena Mason Published: 6:10PM BST 11 Jul 2010 It takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had. … This led to musings that the counterparty was the IMF, making sense because the lender of last resort is historically prone to cash shortages and has been quietly selling off gold in the first half of the year. Renowned gold expert Jim Sinclair adopted this explanation. The panic came when people mistook a lease …
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