Thursday, July 8, 2010


Izabella Kaminska: BIS gold swap intrigue continues

$600 coin purchase or sale will require tax form in U.S. in 2012

No wonder even China is trying to talk gold down

There isn't enough for the government AND the people.

Gold Demand in China Jumps on Stock Slump, Cooling Measures, Exchange Says

By Feiwen Rong
Bloomberg News
Wednesday, July 7, 2010

Gold swap mystery deepens as BIS gets correction from Wall Street Journal

Dear Friend of GATA and Gold:

The Wall Street Journal this evening updated and corrected its report about the gold swaps undertaken by the Bank for International Settlements, disclosing an e-mailed statement from the BIS stating that the swaps were with commercial banks, not central banks as the newspaper first reported.

All currencies have depreciated against gold and silver this year
Dear Friend of GATA and Gold (and Silver): has posted wonderful charts of the gains scored by gold and silver against world currencies so far this year. It appears that not one currency has even kept even with the precious metals. calls this "the race to debase." You can find the charts here:

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