There’s been plenty of speculation in recent years about JP Morgan’s involvement in the precious metals markets. Which is what makes this James Anderson interview with former JP Morgan precious metals employee Daniel March so fascinating.
They talk about what conditions in the bullion market were actually like during the chaotic times in 2008, the massive amounts of paper metal that are sold (and likely undeliverable), and what actually goes on in one of these bank trading desks.
If you want some insight into what I continue to believe will be one of the most incredible financial stories in the years and decades to come, you’ll find this interview well worth your while.
July 2, 2018