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Home Moneta Blog Gold lease rates turn negative

Gold lease rates turn negative

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As the price of an ounce of gold ahs rocketed ten percent in one month, the cost for bullion banks to lease gold has fallen, actually going negative.

What this means is that central banks were paying the bullion banks to take gold out of their hands and into the market.

We will look further, but the last time this occurred was in 2008.

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