Is this not incredible?

I’m just not sure. A market where the trade outnumbers the underlying production by a 60,000%? Admittedly, that’s overstating it – because we don’t just trade new gold, we trade all the gold that’s already been mined. But still: the total London trade implies that the entire gold supply of everything that has ever been mined in history changes hands every 34 days.

Unreal.

Rolling Alpha posts about finance, economics, and sometimes stuff that is only quite loosely related. Follow me on Twitter @RollingAlpha, or like my page on Facebook at www.facebook.com/rollingalpha. Or both.