The dark side of gold at the LBMA

When we discuss the price manipulation in precious metals, we often focus on the commodity exchange in New York. But the fractional reserve system at the LBMA in London plays an equally important role in keeping their prices artificially low. By selling unallocated gold, the London Bullion Market Association created the illusion of an abundance of supply. Only now that it has come under stress, and is at risk of a default, do we realize the dark side of gold trading at the LBMA.

From an interview at the ‪Mountain Bullion‬ YouTube Channel:
https://youtu.be/tg8tkaqIcIs?si=pyD8wxJDE30K1KZH

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Music: Michael Kobrin - The Introvert:
https://youtu.be/UufcCic_lQQ?si=CeioyNqYQ07jeXMo

#lbma #gold #bullion #silver #london