TL;DR (From what I understood): Banks work around regulations to artificially increase the time they are allowed to store metal for - essentially shipping it to each other, back and forth, for a very long time. As they charge for storage, this increases the price of the metal for all manufacturers who use it, who then pass it on to consumers.
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TL;DR (From what I understood): Banks work around regulations to artificially increase the time they are allowed to store metal for - essentially shipping it to each other, back and forth, for a very long time. As they charge for storage, this increases the price of the metal for all manufacturers who use it, who then pass it on to consumers.