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Bullion banks act like any other bank, they borrow something from one party and lend it to another. They do not keep the something in their coffers. The large international commercial banks are the primary players in the market. They basically borrow from the central banks and lend to gold producers...
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[quote user="Norak"]Wouldn't it be better to simply buy land in the country, stockpile on food, guns, water, and so on? You can't eat gold.[/quote] Possibly. However, not everybody can buy land or grow their own vegetables. Therefore, gold serves the rest of us who need to trade. The...