Documentation

12:42p ET Monday, October 7, 2024

Dear Friend of GATA and Gold:

Today in their latest incisive criticism of the U.S. government's repeal of the Glass-Steagall Act in 1999, a decision that allowed federally insured banks to trade stocks and derivatives and thereby put the bank deposits of ordinary people at risk, Pam and Russ Martens of Wall Street on Parade reveal a telling detail about JPMorgan Chase Bank.

... Dispatch continues below ...

1:36a ET Thursday, August 15, 2024

Dear Friend of GATA and Gold:

In an interview this week with Mark Moss of Market Disruptors that is posted at YouTube --

https://www.youtube.com/watch?v=kbKoeDKZNuU

3:08p ET Thursday, August 1, 2024

Dear Friend of GATA and Gold:

GATA consultant Robert Lambourne today provides below his monthly report on the gold swaps maintained by the central bank of the central banks, the Bank for International Settlements, and superficially the report may seem ordinary, disclosing a small increase in BIS gold swaps from May to June, 7 tonnes, from 109 to 116.

Lambourne is too modest to highlight the most important development with the BIS' accounts. That is, the bank's annual report, dated March 31 --

By Robert Lambourne
Sunday, June 9, 2024

Gold swaps undertaken by the Bank for International Settlements, the central bank of the world's central banks, rose by a substantial 31 tonnes in May over the 78 tonnes reported in April, reaching 109 tonnes, an increase of 40%.

The bank's statement of account of May, from which the gold swaps can be estimated, was published last week:

https://www.bis.org/banking/balsheet/statofacc240531.pdf