n a 2020 report, Swissaid had already revealed that Valcambi was buying gold from Dubai. Ummel now adds on camera: “One might wonder why a company would import gold from Dubai that has already been refined to 99.5% purity and then melt it down again in a Swiss refinery. A main reason is that the gold from Dubai has not been certified by the London Bullion Market Association (LBMA). This is an international industry standard that is vital in order to sell gold to major banks or watchmakers. By passing through a Swiss refinery, Dubai gold suddenly obtains LBMA certification and goes up in value.”
Players show up in Vegas, exchange gold for chips, then cashes in chips for USDX.
Q is are the mines really producing as much as the say or is some of it coming from gambling.
As far as I'm concerned who gives a damn, gold is gold.