Fractional reserve bullion banking – Part 1

Re working some of my earlier posts on this topic on this blog, it seems to me that all the angry ranting about bullion bank failure is due to being constantly wrong yet not understanding why and thinking it is because figures are fraudulent or some such. Funny they never consider it might be because they don't understand how the system works and thus their interpretations of data and events is all wrong. One has to know thy enemy first http://research.perthmint.com.au/2015/09/16/fractional-reserve-bullion-banking-part-1/ and that means keeping a clear head.