Thursday , September 24 2020
Home / Bullion Star /GLD continues to source gold at the Bank of England, at an escalating rate

GLD continues to source gold at the Bank of England, at an escalating rate

Summary:
By Ronan Manly The latest SEC filing by the SPDR Gold Trust (GLD) released this week contains the bombshell detail that the world’s largest gold-backed ETF is increasingly resorting to sourcing gold bars at the Bank of England. At least 70 tonnes of gold and possibly up to 150 tonnes. With GLD and its custodian HSBC resorting to such tactics and interfacing with the murky world of central bank gold lending, the questions should be asked is the London gold market running on fumes? Continue reading… Post Views: 0

Topics:
Bullion Star considers the following as important:

This could be interesting, too:

Mises Institute writes One Hundred Years of Medical Fascism

Chris Vermeulen writes Global Markets Break Hard To The Downside – Watch Support Levels

Mises Institute writes What’s with the Rich Kid Revolutionaries?

Contributor writes Corona Strikes Back In Europe. Will It Boost Gold?

By Ronan Manly

The latest SEC filing by the SPDR Gold Trust (GLD) released this week contains the bombshell detail that the world’s largest gold-backed ETF is increasingly resorting to sourcing gold bars at the Bank of England. At least 70 tonnes of gold and possibly up to 150 tonnes.

With GLD and its custodian HSBC resorting to such tactics and interfacing with the murky world of central bank gold lending, the questions should be asked is the London gold market running on fumes? Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *