The Greek/B.I.S. Currency Gold Swap

8. Juli 2011 | Kategorie: Aufgelesen

The Bank of International Settlement holds 500.7 tonnes of gold as at the end of 2010. Why?

In the third quarter of 2009 it held just under 120 tonnes. These were part of currency/gold swaps. There are no details of the names of the counterparties. Coincidentally, they could be nearly the total of the ‘official’ gold holdings of Greece, Portugal and Spain.

via The Greek/B.I.S. Currency Gold Swap –

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