The gold market also has a series of daily ‘fixes’ both on the COMEX in New York and the LBMA in London and, though the scale of the leverage involved pales into insignificance against the vast derivatives markets layered atop LIBOR and ISDAFIX, there are still currently 42 outstanding claims on every ounce of gold remaining in the fast-dwindling COMEX warehouse stocks thanks to the availability of paper gold in the form of futures contracts (see chart below courtesy of Nick Laird at sharelynx.com) which is by far an all-time high.
Read the complete article at King World News here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.