About the Author
Paul Tustain
Paul Tustain is founder and CEO of London-based BullionVault. Tustain, a settlement-systems specialist, launched BullionVault in 2005 to make the security and cost-efficiencies of the professional wholesale gold market available to private investors. Designed specifically to meet his own gold ownership needs as a risk-averse investor, BullionVault now cares for some $1.5 billion of client gold property, all of it privately owned in the client's choice of low-cost, market-accredited facilities in London, New York or Zurich.
(c) BullionVault 2012
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By Paul Tustain |
February 20, 2013
The U.K.'s Business Secretary seeks to offload the British government's shares in Royal Bank of Scotland by giving them to something like 30 million British taxpayers. Something similar was done with British Gas.
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By Paul Tustain |
January 14, 2013
The current set up – where banks are not allowed to fail – turns out to be worse than I thought. It does much more than offer succor to the odd unfortunate bank which steps over the limit of safety.
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By Paul Tustain |
January 11, 2013
UK savers should be ready for an escalation in the cost of your favorite imports and expect it to accelerate. It may be only a matter of weeks before Chinese positioning for a seat at the top financial table spells a turbulent near term future for the pound.
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By Paul Tustain |
January 10, 2013
Observers of fractional reserve banking have noticed that your deposit into a bank can cause the bank to offer new loans well above and beyond the size of your deposit. Those watchers often object on the grounds that this is new money.
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By Paul Tustain |
August 24, 2012
September has always been a high volume month. This week the holidays end. The money professionals get back to their desks and look into their crystal balls. What will they see, apart from this bowl shaped chart of the gold price?
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By Paul Tustain |
July 6, 2012
Why aren't young people protesting against bailouts? Younger adults are usually pretty quick to protest injustices, but they're strangely quiet on financial rescues. Few of them seem able to join the dots and see that bailouts are clobbering them hardest.
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By Paul Tustain |
June 13, 2012
A gold sovereign coin is within the UK tax authority's definition of investment gold. But would a new one pass the tests of fairness which government rightly demands of the investment industry?
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By Paul Tustain |
May 15, 2012
Make the cost of regulation zero – or very nearly – for unlimited liability partnerships. Then let judicious self-interest, exercized by the partners themselves, do the rest.
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By Paul Tustain |
April 21, 2010
A note on the LBMA, gold futures and forwards, and "100-to-1 leverage" in London's wholesale gold bullion market...