The Phaserl


Ecuador: The Gold, the Bad & the Goldman

by Dave Kranzler, Investment Research Dynamics:

The recently announced swaps deal between Goldman Sachs and Ecuador involving the exchange of 13 physical tonnes of gold for $585 million in “highly liquid” paper raises the question of why the parties simply didn’t enter into a gold leasing arrangement.

Dave Kranzler cuts through the aromatic cloud hanging over the deal to address this and other key issues in this short video.

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