Bullion Star today publishes an elaborate informational graphic describing how bullion banks create almost infinite amounts of imaginary "paper gold" to control the monetary metal's price and prevent the price from being determined by physical demand.
Bullion Star summarizes the graphic's topics this way:
-- The identities of the bullion banks.
-- The fractional-reserve nature of bullion banking and the paper gold creation process.
-- How the staggeringly large paper gold trading volumes are generated.
-- The gold price discovery process and how the price of gold is set in London by unallocated trading that channels gold demand away from real physical gold and into paper.
-- The secretive nature of the bullion banking club and how its activities in the City of London are deliberately shrouded in secrecy.
-- How new participants in the London gold market claim to be providing competition but are actually perpetuating the underlying unallocated gold account system of trading.
The graphic can be found at Bullion Star here:
https://www.bullionstar.com/blogs/bullionstar...llion-bankin...
