The Land of Anti-Gold Propaganda : The Implode-o-Meter Blog

The Land of Anti-Gold Propaganda : The Implode-o-Meter Blog

"This is especially true when even the propagandists themselves have already publicly identified a much more direct (and truthful) driver of lower gold prices: “the lowest negative lease rates on record”. The bankers pay “traders” (i.e. their agents in U.S./UK banks) to borrow their gold – and then that gold is immediately dumped onto the market in the form of more bankster shorting."


Gold Lease Rate Slides to Lowest on Record as European Banks Seek Dollars


"The one-month lease rate on gold fell to minus 0.57 percent on Dec. 6, the lowest according to Bloomberg data going back to January 1998. The rate, derived by subtracting the gold forward offered rate from the London Interbank Offered Rate, was at minus 0.56 percent today and compares with minus 0.23 percent at the start of this year. A negative reading means banks have to pay to have their gold deposits lent."