It’s indestructible – but can we always believe in (the UK trade figures with the disaggregated effect of the international trade in non-monetary) GOLD?
Gold, in addition to being a hit song by Spandau Ballet, is widely used as a store of value. London is one of the global centres of trading in this commodity, meaning it is an important business for the UK. For many countries the effect of gold on their trade figures is small, but the prominence of the industry in London means it can have a sizeable impact on the UK’s trade figures.
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