October 11, 2021

The Fifth Wave A New Central Bank Gold Agreement

Filed under: Uncategorized — dpk3000 @ 6:59 am

The fourth CBGA, which expires on 26 September 2019, was created by the ECB, the National Bank of Belgium, the Deutsche Bundesbank, Eesti Pank, the Central Bank of Ireland, the Bank of Greece, the Bank of Spain, the Banque de France, the Banca d`Italia, the Central Bank of Cyprus, latvijas Banka, Lietuvos bankas, the Banque centrale du Luxembourg, the Central Bank of Malta, De Nederlandsche Bank, Oesterreichische Nationalbank, Banco de Portugal, Banka Slovenije, Národná banka Slovenska, Suomen Pankki – Finlands Bank, Sveriges Riksbank and the Swiss National Bank. whether cbga agreements could be a “hidden” way to redistribute gold stocks among the world`s central banks, given that global monetary power has shifted eastward; None of this, however, seems to matter to the traditional laquacious financial media and the creeping World Gold Council, which interpret the agreements as central banks wanted to interpret them and do not ask questions of drilling or exploratory analysis. If you think about what is meant by “market turbulence” and “market disturbances”, you will see that gold, as an asset class, almost always performs well in market turbulence and market turmoil! That`s why it`s a safe haven, because it had high liquidity, not counterparty risk, and in times of market turbulence, it`s a “go to” asset. The nature of gold is a safe haven that develops well during market turbulence. To stick to the assumption that the second batch of gold sales had already taken place in the 1900s, when did nearly 4000 tons of gold (2000 tons that would have been sold to CBGA1 between 2000 and 2004 and 1900 tons that would have been sold to CBGA2 between 2004 and 2009) actually be produced by gold vaults of the Western Central Bank such as the gold vaults of the FRB in New York? The answer was after analyzing the insightful “Victor” in the 1980s and 1990s. See section 3 and section 4 of the central bank, in which he explains his theory: “The Eurosystem central banks had sold and leased a considerable amount of gold from 1999 on. Some of this gold had been allocated to new owners before 1999. But these central banks have not given up ownership of their gold since. All official gold sales from these central banks after 1999 were only on paper, entered into an open lease and did not claim the gold. The text of the CBGA`s second announcement also referred to “gold sales already decided and to be decided” and “sales already decided.” The question is – when? The fact is that all Swiss gold sales had already been decided before CBGA1 in the second half of the 1990s, with the SNB first using the bri-Trading Desk to cross-check the first tranches of “sales”.

See for example the section “Gold Sales 2000 – 2008” of the Swiss National Bank (SNB) here: @JamesGRickards I found that the IMF used as an agent of gold sales (181 tons) on the market in 2010, the BIS buying the entire contract in advance When CBGA2 was announced in March 2004, the Bank of England, a signatory of CBGA1, was noted for its absence, while the Bank of Greece, which has since joined the euro, has also joined the CBGA consortium. Most importantly, in 2004, the cartel members raised the ceiling of the five-year sales program to 2500 tonnes or 500 tonnes per year, while maintaining their gold credit and gold derivatives businesses. This is not very altruistic behavior by a central bank cartel that claims to have in mind the best interests of the broader gold market. whether the CBGA agreements could be a “hidden mechanism within sight” to use the Western Central Bank`s (G10) gold stocks as partial payments in Saudi “Gold for Oil” transactions; During the same period, from September 26, 1999 to September 26, 2004, the price of gold in U.S. dollars increased by 50%, from US$273 to US$411. . . .