Yreakahigh

The End of the Gold Carry Trade

The leasing of gold by the central banks has me scratching my head. The “news” reports the sale or lease a week or two ahead and I never read who buys or leases the gold, price “they” lease it at and for how long. If it’s such a good safe bet, then it must be an all insider shuffling of paper. Can anyone enlighten me? It’s one of those old questions of “Who benefits?”

When Iran bought billions of dollars of gold a few weeks back, while gold was difficult to buy for the average investor, who was selling it to Iran?