Commentary17

June 8 & 24, 2001. BIS-Gold Price Fixing Case: Update on the Battle of the Briefs On May 25, 2001, the Department of Justice moved for leave to file reply memoranda on behalf of Secretary O’Neill and Chairman Greenspan. On May 29, the Bank for International...

Commentary 19

February 6, 2002. Olympic Special: Will the Enron Tar Baby Go for the Gold? Barings and Long-Term Capital Management were brought down by unregulated and inadequately disclosed over-the-counter derivatives. Orange County, Procter & Gamble and Gibson Greetings...

Commentary20

May 20, 2002. The Gold Jungle Book The British gold auctions were announced on May 7, 1999, as gold prices rose to around $290/oz. and threatened to breach $300 due to doubts that proposed gold sales by the International Monetary Fund would proceed. The final auction...

Commentary 22

November 27, 2002. Arbitration Tribunal Awards Additional Compensation to Former BIS Shareholders The Bank for International Settlements may have dodged justice at the hands of the U.S. federal courts in New York and Boston, but it did not escape altogether. In a...

Commentary 18 – 196905

August 13, 2001. Gibson’s Paradox Revisited: Professor Summers Analyzes Gold Prices Due in no small measure to articles he wrote as a young economist, especially his 1966 essay “Gold and Economic Freedom” (reprinted in A. Rand, Capitalism: The...