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Today we will look at the origin of the bullion market in the City of London and how this market has been the dominant one for the trading of gold and silver for many centuries.
This dominance is, in my opinion, coming under threat as countries like China, Russia, and others have been setting up their own gold and silver markets in order to circumvent London.
I will reference a book which is a reprint of a series of articles about gold and the gold market from 1933 in The Times of London.