Submitted by Steve Brown…
The largest reserve gold traders on the planet are the six bullion banks. A bullion bank is a large multi-national bank authorized to serve as a conduit through which Central Banks – and the Fed primary dealers – loan their gold out into the market. All central banks lease gold, to maintain their balance sheet and to provide sovereign collateral when a currency swap or paper trade won’t work. It’s called the gold carry trade.
Authored by Tom Luongo:
When President Trump fired National Security Adviser John Bolton last week rational people the world over cheered.
When there was news that Trump would meet on the sidelines of the U.N. General Assembly in a few weeks there were sighs of relief.
US troops alongside Kurdish fighters near Syrian town of Derik. (Photo: MEE)
21st Century Wire says…
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