Bullion Banking: The Mechanics and the Players

derryb

PART I

"Bullion Banking as presently practiced is concerning for a number of reasons. It channels demand that might otherwise have gone into physical gold into paper alternatives that have little or no impact on physical gold demand. It facilitates a vast and opaque system of speculative trading. And it ultimately props up and protects fiat currency systems to the detriment of the gold price."

Disclaimer: the opinion is from a bullion seller. FWIW my cardiologist and my mechanic also offer advice and opinion based on years of selling their services.