Commodity Trade Mantra

Posts Tagged ‘Bank of International Settlements’

Is Greece About To "Lose" Its Gold Again?

What everyone appears to be forgetting is a nuanced clause buried deep in the term sheet of the second Greek bailout: a bailout whose terms will be ultimately reneged upon if & when Greece defaults on its debt. Greece’s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal.

The BIS Paves the Way for Silver and Gold

The BIS warned earlier this summer that the world economy is in many respects more vulnerable to a financial crisis than it was in 2007. Debt ratios are now far higher, emerging markets also drawn into the fire over the last 5 years & gold and silver have been hammered. The world as whole has never been more leveraged.

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