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An Upcoming Paper Gold Crisis? (Budapest Business Journal)

Similarly, the majority of gold ETFs only have a fraction of the gold on hand, compared to the face amount of gold ETFs in circulation. Conventional banks are quite heavily regulated, hence relatively transparent, whereas bullion banks are lightly regulated, and opaque, bullionstar.com notes.   

https://bbj.hu/business/an-upcoming-paper-gold-crisis_189486

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