BullionStar Perspectives – Daniel March – Spotlight on the London ‘Gold’ Market (Video)

BullionStar Perspectives – Daniel March – Spotlight on the London ‘Gold’ Market Video by Ronan Manly

Join us for an in-depth discussion with Daniel March and BullionStar’s Ronan Manly, on the inner workings of Bullion Banks, with a rare perspective from Daniel as an industry professional.

0:00 Introduction
0:58 Daniel’s background in the industry
4:05 Explanation of gold credit and unallocated metal
6:54 London settlement, netting and collateral
11:40 Precious metals clearing: LPMCL and AURUM
15:17 LPMCL member banks, infrastructural barriers to entry
18:14 GLD allocation process, unallocated gold, HSBC and APs
20:19 Bank of England’s role as the Lender of Last Resort
22:22 When and why did LBMA unallocated ‘metal’ appear
27:08 HSBC & JP Morgan, exit of bullion banks, effect on liquidity
30:05 LBMA Trade and Vault Reporting – Lack of Transparency
34:34 Basel III and Required Stable Funding (RSF) in 2021
36:39 Exchange for Physical (EFP) and the EFP blowups of 2020
42:59 ETF silver inventories and the LBMA vaults
44:23 A discussion of gold Consignment Stocks
46:23 The Drivers of and Outlook for the Gold Price
50:07 Asian gold market trends, potential PBoC gold buying

 

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Bullion Star

BullionStar is Singapore's premier bullion dealer. With a worldwide unique walk-in bullion shop, showroom and vault, we can cater to all your precious metals needs. View, buy, deposit, store, audit, sell and physically withdraw your bullion in one and the same location. BullionStar's bullion shop, showroom and vault is located at 45 New Bridge Road, Singapore 059398. With our storage solution called My Vault Storage®, customers can buy, sell or request withdrawal of their bullion online 24/7.