Commodity Trade Mantra

Posts Tagged ‘Gold Bank’

China Aims For Official Gold Reserves At 8500 Tonnes

Sun Zhaoxue: Currently, there are more and more people recognizing that the ‘gold is useless’ story contains too many lies. Gold now suffers from a ‘smokescreen’ designed by the US, which stores 74% of global official gold reserves, to put down other currencies and maintain the US Dollar hegemony.

Fractional Reserve Bullion Banking And Gold Bank Runs

The stability of the fractional reserve bullion banking system and its gold run-proofness depends on the extent to which central banks have lent gold physically or only via book entry to bullion banks. Unallocated bullion bank accounts are fractionally backed, no different to fiat banking.

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook