Explore the high-stakes world of gold and silver trading In Mastering Gold and Silver Markets: Insights from a Legendary Bullion Bank Trader , veteran precious metals trader, Robert Gottlieb, delivers an insightful blend of memoir and education that covers the world of bullion trading from a banker’s perspective. The book covers his journey from working at a certified public accounting firm to his position as the Global Head of Precious Metals Trading and Sales at many of the largest bullion banks in the world. Gottlieb dives deep into the critical role played by bullion banks in the global precious metals ecosystem. He provides a detailed explanation of financial and futures markets and how they facilitate liquidity and hedging strategies for their clients. You’ll also learn about how banks leverage arbitrage opportunities between the CME futures markets and the London OTC markets to meet customer needs. You’ll find: Explanations of the supply-and-demand fundamentals of gold and silver - An engaging combination of personal experience, industry expertise, and thought-provoking analysis - Examinations of significant disruptions to gold and silver markets, including Covid-19 and the impacts of US tariff announcements in 2025 Perfect for mining company executives, central bankers, Wall Stret traders, and professionals in finance and commodities trading, Mastering Gold and Silver Markets is also a must-read for hedge fund managers, wealth portfolio managers, and retail investors. With gold prices reaching all-time highs, professional and retail investors everywhere are seeking to understand the fundamentals of precious metals markets. How do bullion banks facilitate global gold and silver trading? What drives the arbitrage between futures and OTC markets? Why do central banks continue to accumulate gold reserves? In Mastering Gold and Silver Markets , veteran precious metals trader Robert Gottlieb―who served as Managing Director of Precious Metals Trading at major financial institutions including Citibank, HSBC, Bear Stearns, and JP Morgan―delivers an insider’s account that demystifies the esoteric world of bullion banking. Drawing on over four decades of experience managing billion-dollar arbitrage books and structuring high-stakes transactions with central banks, the author provides readers with unparalleled insight into how bullion banks bridge physical commodity markets with financial and futures markets, facilitating liquidity and hedging strategies for clients worldwide. The book combines compelling memoir with practical education, recounting legendary trades including the liquidation of the Hunt Brothers’ silver position and a 223-ton gold transaction for the Japanese Ministry of Finance. Gottlieb explains the mechanics of CME/London arbitrage, and the role of Exchange for Physicals in market-making. He also exam­ines major market disruptions, like the ones caused by COVID-19 and tariff threats that reshaped precious metals trading. Gottlieb details his technical expertise in advising the World Gold Council during the launch of the SPDR Gold Shares (GLD) ETF, now one of the world’s largest gold-backed investment vehicles. Perfect for mining company executives, central bankers, Wall Street traders, hedge fund managers, wealth portfolio managers, and retail investors seeking to understand precious metals markets beyond the headlines, Mastering Gold and Silver Markets offers an authoritative guide to navigating gold and silver trading with confidence and skill. Praise for MASTERING GOLD AND SILVER MARKETS “Robert’s knowledge of the intricacies and issues surrounding the trading of precious metals is unparalleled. I rely on his keen mind and deep bench of expertise on the opaque but fascinating world of precious metals. This book is a must-read.” ―MICHAEL DIRIENZO, President and CEO, The Silver Institute “This book offers an engaging and accessible look into bullion banking and precious metals investing, told through vivid insider anecdotes and sharp insights. Written by a lifelong, distinguished bullion trader, it captures both the drama of trading desks and the enduring role of gold and silver as safe-haven assets. A fascinating guide for anyone curious about how these markets truly work.” ―DAVID NG, Professor of Finance Cornell University, Charles H. Dyson School of Applied Economics and Management “A compelling book that sets out the evaluation of the gold industry over the past three decades. Bob Gottlieb has been at the heart of the markets and engagement with central banks worldwide. His insights are invaluable, so too are his career experiences. It’s a must-read in the current environment.” ―ARAM SHISHMANIAN, Former CEO, World Gold Council “A must-read book for all those that want to understand the history and the current drivers of the precious metals markets. Bob is one of the precious markets leading risk managers and risk takers, with decades of industry experience at some of