Measuring the Size of the London Gold Market

The video discusses the trading volumes of gold and silver, highlighting a recent report showing $37 billion in gold and $5 billion in silver traded over five days. It emphasizes the importance of transparency and trust in the gold market, driven by controversies and the need for accurate data. The video also covers the challenges of data collection and the efforts to include more market participants. Comparisons with other markets like New York are made, noting the partnership between COMEX and London. The initiative aims to provide a clearer picture of the market over time.

What was the total value of gold traded over the five-day period mentioned in the video?

• $50 billion

• $37 billion

• $100 billion

• $5 billion

What is a common misconception about the LBMA mentioned in the video?

• It is a stock exchange.

• It has a magic database with all trade information.

• It only deals with silver.

• It is the largest gold market in the world.

How many market-making banks are currently participating in the data collection?

• 13

• 45

• 10

• 20

What was one of the main challenges in putting the data together for transparency?

• Setting up a new trading platform

• Competing with New York's market

• Ensuring client protection and data confidentiality

• Finding enough market makers

What is the relationship between COMEX and the London bullion market as described in the video?

• They are merging into one market.

• They have no relationship.

• They are competitors.

• They have a partnership involving future and physical trading.