By Adrian Douglas
Here are some Trivial Pursuit questions for you:
- 1) What is the biggest market in the world for a physical commodity?
- 2) Is the gold market one of the smallest markets in the world for a physical commodity?
I would guess that you answered:
- 1) Crude oil.
- 2) Yes. Gold is one of the smallest commodity markets in the world.
If those were your answers, you are wrong. What everybody believes to be the “tiny gold market” is in fact the world’s biggest physically traded commodity market.
Let’s have a look at some facts.