Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: The Vet who wrote (67592)	8/13/2007 12:57:37 PM
From: Amark$p	Read Replies (1) of 116555

Exactly. One takes a look at that daily LBMA trading volume and it dwarfes all other gold stats. Gold a very liquid market... Have wondered how daily gold LBMA trading stats would compare to daily US$ forex currency trading stats in % terms. Seem to recollect that some gold trading has to do with Islamic countries not being able to earn interest and somehow transfer to gold gets around this and they somehow earn interest, but this Islamic % would still be a small % of total gold trading... Gold LBMA daily trading stats dwarf all other gold stats... But as others have opined, much of this LBMA gold trading is just moving e.g. 50 tonnes of gold from one LBMA lockbox to another LBMA lockbox.

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