Alex’s Notes: Just posted a new article on the Gold Carry Trade.

An excerpt:

On July 24, 1998, Alan Greenspan stood before the House Committee on Banking and Financial Services and said, “Central banks stand ready to lease gold in increasing quantities should the price rise.”

That is exactly what the gold carry trade consists of. It is the process in which central banks lease out gold bullion to be sold on the open market to suppress prices.

Read the full article here: Gold Carry Trade

This entry was posted on Thursday, June 4th, 2009 at 8:37 am and is filed under Archived. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.