Behind the Headlines of Record Gold Stocks in London Vaults

Behind the Headlines of Record Gold Stocks in London Vaults According to the London Bullion Market Association (LBMA), there are now record gold stocks of 9450 tonnes held in the London vaults.

While trumpeting record gold holdings may grab headlines, it’s a misleading claim if, as appears to be the case, only a tiny fraction of these total gold holdings are available to ‘back-up’ the gigantic fractionally-backed LBMA paper gold trading scheme. Continue reading…