How the Gold Business Operates

- September 1st, 2011

CNBC News reported on how gold production and gold markets function.

CNBC News reported on how gold production and gold markets function.

The market news is quoted as saying:

Bullion banks are the middleman of the gold world. Miners produce gold, but they might not produce it at the same time that consumers want to buy the metal. So the banks play a sort of clearing role: when producers want to sell, they can sell to the bank. When consumers want to buy, they can buy from the bank.

To read the full market news, click here.

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