Leasing
Gold Manipulation – 4c. Direct Leasing and the Gold Carry Trade
In this video the it is explained why the (direct) leasing gold by central banks is nothing less than (short)selling gold. Banks have an incentive to claim that they have leased instead of sold their gold because on their balance sheets leased gold can be viewed as part of their reserves. Further it is explained how bullion banks can profit by engaging in the so called gold carry trade.
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