A Guide to the London Bullion Market

I have mentioned the LBMA’s “A Guide to the London Bullion Market” as few times on this blog. It is now available on their website.

I would strongly recommend it to anyone who wants to increase their understanding of how the gold industry operates, particularly at the wholesale level. The sections on gold forwards, lease rates would also be of value to those interested in Professor Fekete’s work on the basis.

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