Commodity Trade Mantra

Posts Tagged ‘BIS’

China's True Gold Holdings To Remain A Secret After All

What we thought would be an imminent, critical and extremely overdue public announcement from China has again been indefinitely postponed. And so with the gold community eagerly expecting a confirmation from China that its gold holdings have doubled, tripled or more, China – and the IMF – suddenly get cold feet. Again.

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.

We Must End this Addiction to Debt as the Engine of Growth

Growth is back – after a fashion – but debt levels are rising again, productivity growth in advanced economies is close to post- war lows, capital spending is becalmed, inroads into deep fiscal and current account deficits are proceeding only at glacial pace. Is this a sustainable economic model?

RBI's Foreign Exchange Reserves In Gold Fall 15%

RBI, India’s central bank’s foreign exchange reserves in gold fell 15% in value between Mar & Sept last year & the yield on reserves fell 2 basis points amid low interest rates across the developed world. Gold accounted for about 8% of the total foreign exchange reserves in value terms in Sept last year.

The Greatest Debt Crisis The World Has Ever Seen Is Coming

This debt crisis is going to end up destroying the global financial system and the unprecedented debt binge seen right now is going to continue until someday we hit a brick wall of financial disaster. We can yell and scream, but what is happening isn’t going to stop.

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