02 June 2008

The gold value chain

Next week I am going to start a series on the gold value chain. We'll follow physical gold from miner to refiner to manufacturer (jeweller or mint) to distributor to end buyer (you).

I have seen a lot of misunderstandings out there about how things work in the gold industry and hopefully this will provide much needed background for people new to gold and maybe fill in the gaps for others who have picked up bit and pieces of knowledge as they have trawled the net.

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