Sentences with phrase «as bullion bank»

If the customer still wants to buy it, then the broker steers them into electronic gold, such as bullion bank - controlled ETFs and major mining company equities.

Not exact matches

As prices are falling, they could start replenishing inventory in coming weeks,» said a Mumbai - based dealer with a private bullion - importing bank.

To meet the strict requirements of giants like Bank of America - Merrill Lynch and UBS, GBI had developed a powerful bullion platform that acted as a clearinghouse between the world's largest mints and wholesalers.

In his speech, Yifei emphasized the importance of 2018 for China's long - term economic strategy, and discussed how the central bank's gold and silver department used problem - oriented, market - oriented, and livelihood - oriented «philosophy, style and methods» to promote reform and innovation in «key areas» of «currency bullion» as well as «currency gold and silver business.»

Exchange - traded funds holding gold bullion allow investors cheap, easy access to the metal; As a result they are hoarding about 2,200 tonnes of gold, more than most central banks.

Gold prices will recover next year as demand in China and India improves, according to Australia & New Zealand Banking Group Ltd., which forecast an advance for bullion even as the Fed raises interest rates.

But inasmuch as Northern banks only had about $ 100 million of gold and silver coinage or bullion, it was clear that most of the money would have to be created de novo.

As a reaction against the 19th and early 20th centuries» rising trend of public regulation and money creation, this school describes money's value as based on its bullion content or convertibility, or on bank deposits and other financial assetAs a reaction against the 19th and early 20th centuries» rising trend of public regulation and money creation, this school describes money's value as based on its bullion content or convertibility, or on bank deposits and other financial assetas based on its bullion content or convertibility, or on bank deposits and other financial assets.

But an expert in that market, Jeffrey Christian of the CPM Group, acknowledged at the March 25 hearing of the U.S. Commodity Futures Trading Commission, as he had acknowledged in an explanatory report published in 2000, that the London bullion market is actually a fractional - reserve gold banking system built on the presumption that most gold buyers will never take delivery of their metal but rather leave it on deposit with the LBMA members from whom they bought it.

I further urge all of the other quasi-analysts that look to silver as «nothing more than a byproduct» of giant copper, zinc, and lead mining operations might want to consider whether the notional value of the paper «hedges» carried on the books of the bullion banks might not represent the ultimate discounting mechanism.

There was road rage today in Ogun as the convoy of the bullion vans belonging to the apex bank Central Bank of Nigeria hit that of the Governor of Ogun State Senator Ibikunle Amobank Central Bank of Nigeria hit that of the Governor of Ogun State Senator Ibikunle AmoBank of Nigeria hit that of the Governor of Ogun State Senator Ibikunle Amosun.

Luxury: It packs a V - 12, it has a very long wheelbase, and it's as heavy as a bank vault loaded with bullion, but the Mercedes - Maybach S600 is a spectacularly executed luxury sedan.

Like many high net - worth investors, national banks and governments, we believe that gold (and other bullion metals) is one of the best types of investment you can make today as part of a well - diversified portfolio.

Banking became a more profitable business as it devolved into a leveraged game of chicken — collecting a positive interest spread (interest paid to gold depositors vs. interest charged on loans) while avoiding the very low probability that substantially all gold claim holders would attempt to simultaneously exchange their receipts for the bullion in the bank's vault.

Purchasing silver from a bank is a relatively safer option, as the bullion comes with a certificate of quality.