LONDON, 4 September 2012 - Spain's leading gold-analysis website today begins an exclusive 6-part interview series with Paul Tustain, founder and CEO of world #1 gold-investment provider online, BullionVault.
Speaking to Marion Mueller, founder and editor of Oro Y Finanzas, Paul explains how the price of gold bullion is established by wholesale dealers trading for settlement in London, heart of the world's physical gold market.
"There is no single official gold price," says Paul, "but a lot of banks broadcast their buying and selling prices, which are very similar and very competitive.
"Unlike an official stock closing price which you might see on a single stock exchange, the gold price stays in motion - usually for 23 hours a day, and in several places all at once."
Describing the "spot" market of wholesale gold, Paul also talks about the terms of making a London trade, plus how the London PM Fix and also the New York Comex markets operate.
You can read Paul's interview at Oroyfinanzas here, or in an English translation here...
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