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Gold has been a symbol of power and wealth and a store of value since before Biblical times. For about 3000 years gold served mankind as money and then, with the introduction of paper currency, it was adopted as a monetary reserve medium. Yet, the fact that the international monetary system has done nothing to diminish its mystique and popularity.

This book provides a practical and comprehensive guide to gold, with particular emphasis on the markets in which it is traded, either in physical or paper form. Following a detailed analysis of supply and demand, production and consumption, the various physical forms of gold are examined, together with the many factors which have a bearing on the gold price. Modern communications and financial innovation have created a global market for gold in which bullion dealers and bankers are able to buy, sell and hedge gold in small or large quantities, 24 hours a day. The workings, both of this worldwide wholesale market - including swaps, gold loa

160 sayfa. 23x33 cm.

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