Elements of Foreign Exchange: A Foreign Exchange Primer
Chapter 7
The primary movement of gold from the mines to the markets, and its subsequent distribution along the lines of favorable exchange rates. Description (with presentation of actual figures) of: The export of gold bars from New York to London--Import of gold bars from London--Export of gold bars to Paris under the "triangular operation." Shipments to Argentina.
London as a "free" gold market and the ability of the Central Banks in Europe to control the movement of gold.