World’s largest banks double income in gold trade

Reuters/Peter Hobson

photograph of stack of unmarked 100 ounce gold bars“Banks are making huge profits from gold as investors flood into a market fractured by the coronavirus crisis.”

USAGOD note:  The inside story on the gold market raises a number of questions including the “what if the supply of bullion suddenly dries up again?”   As one bank source said:  “There is no free lunch. Somebody has to lose money along the way …”

Repost from 9-21-2020

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