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An Inside Look at the World’s Biggest Paper Gold Market

An Inside Look at the World’s Biggest Paper Gold Market

By Jeff Desjardins:

Every day, there are a whopping 5,500 tonnes ($212 billion) of gold traded in London, making it the largest wholesale and over-the-counter (OTC) market for gold in the world.

To put that in perspective, more gold is traded in London each day than what is stored at Fort Knox (4,176 tonnes). On a higher volume day, amounts closer to total U.S. gold reserves (8,133.5 tonnes) can change hands.

How is this possible?

The infographic below tells the story about gold’s foremost trading hub, as well as the paper gold market in London, England:

Gold's Secretive Price Discovery Market: Inside London's Vaults

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About The Author

• Co-Host “Live in Las Vegas w/Dave & Chad” KDWN 720AM 2014 - present • Operations Manager / Sports Director KXNT 100.5FM ’10-’14 • Co-Host “Over/Under” KXNT 100.5FM ‘10-’12 • Producer Las Vegas’ #1 morning show “mark & Mercedes” ‘01-’05 • Imaging director/Assistant Program Director 100.5 Jack FM ‘05-’10 • E.M.A (Best Production / Creative Services Manager) 2006 "One of Chad's great strengths is his sense of humor and translating it on the air. Not only did he have the staff constantly laughing in the hallways, he kept our listeners coming back for more on the air." Vice President of Programming Beasley Broadcasting: Justin Chase

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