Commodity Trade Mantra

Posts Tagged ‘Gold Receivables’

How Much Gold is on Loan Worldwide?

Central banks manipulate gold prices with derivative products in a very opaque way. Central bank accounting for gold is rather peculiar: gold receivables and bullion still in their vaults are treated as a single line item in their balance sheets. This makes it almost impossible for outsiders to ascertain how much of their gold is actually on loan.

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