GATA consultant Robert Lambourne calculates tonight that the volume of gold swaps undertaken by the Bank for International Settlements remained nearly unchanged in October, 53.5 tonnes against the 54 tonnes reported for September.
Lambourne's calculation is drawn from the bank's October statement of account, which was published this week:
https://www.bis.org/banking/balsheet/statofacc251031.pdf
The BIS's gold swaps remain the most frequent and regular proof that central banks continue to intervene surreptitiously in the gold market for purposes the BIS refuses to explain. But it's a fair assumption that the swaps are not undertaken because the parties to them want free and transparent markets to prevail for gold, since the gold price powerfully influences all financial valuations in the world and, indeed, as U.S. Secretary of State Henry Kissinger was told by a deputy in his office at the State Department in April 1974, control of gold is control of the world:
https://www.gata.org/node/13310
https://history.state.gov/historicaldocuments/frus1969-76v31/d63
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