The Perth Mint's Bron Suchecki today provides a good primer on the bullion banking business, explaining how the unallocated nature of much of the business is tempered by the timing of the maturity of its obligations. While Suchecki's commentary doesn't really get into GATA's issue, surreptitious intervention in the gold market by central banks, often conducted through intermediaries like bullion banks, maybe it will encourage people to aim their complaints about market manipulation more accurately. Suchecki's commentary is headlined "Fractional-Reserve Bullion Banking and Gold Bank Runs -- How Can I Default on Thee? Let Me Count the Ways" and it's posted at his Internet site, Gold Chat, here:
http://goldchat.blogspot.com/2014/02/fraction...ion-banking-...
