In the most recent week it was divulged by the WSJ that the Bank of International Settlements (BIS) official gold holding have tripled! Where did all this gold come from and why is it suddenly moving around remains a mystery.
Why should care? Because gold is being recognized as the worlds only real money once again and colored paper is being called into question … even by banks.
However yesterday the official denial arrived in the WSJ when they reported this:
“The operations concerned were purely market operations with commercial banks,” the BIS said in an email statement.