Bullion banking is a commonly used term, but what does it refer to and who are these bullion banks? This infographic guides you through the shadowy world of bullion banking centred in the City of London, and looks at the paper gold creation process, how the banks use unallocated gold accounts to allow the trading of gigantic amounts of fictitious gold, and how the system is being perpetuated, even by the new entrants into the market who claim to offer a competitive alternative.
The comments above and below are excerpts from an article by BullionStar.com which has been edited ([ ]) and abridged (…) to provide a fast & easy read.
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