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June shows no change in BIS intervention in gold

By: Robert Lambourne

 -- Published: Monday, 16 July 2018 | Print  | Disqus 

The Bank for International Settlements has published its June statement of account, which gives some information on its use of gold swaps and other gold-related derivatives in the month:

https://www.bis.org/banking/balsheet/statofacc180630.pdf

The information provided in the BIS monthly statements is not sufficient to calculate a precise amount of gold-related derivatives, including swaps, but it appears that the bank's total exposure as of June 30, 2018, was approximately 413 tonnes of gold, which is essentially unchanged from May.

When it comes to its activities in the gold market, the BIS provides little information on what it is doing, why, and for whom.

-----

Robert Lambourne is a retired business executive in the United Kingdom who consults with GATA about the involvement of the Bank for International Settlements in the gold market.

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

 


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 -- Published: Monday, 16 July 2018 | E-Mail  | Print  | Source: GoldSeek.com

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