Unallocated gold is not actually gold but rather a bank credit marked to the gold price—currency created out of thin air that appears on balance sheets as a fictional asset, which is fundamentally dishonest accounting.
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Speaker
Alistair MacleodEvidence Quote
“you can create a credit to give to your as a bank to give to your dealing desk to trade in gold... this is currency credit currency created out of thin air which just happens to mark to market to the gold price that's all it is it's not gold”
Created: 8/11/2026, 1:15:22 AM
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