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#BankOfEngland

6 posts6 participants0 posts today

surge in #gold shipments to the US has led to a shortage of bullion in London, as traders amass an $82bn stockpile in New York over fears of #Trump administration tariffs. The wait to withdraw bullion stored in the #BankofEngland’s vaults has risen from a few days to between four and eight weeks, according to people familiar with the process, as the central bank struggles to keep up with demand.
So the gold prices re up , selling gold is profitable
But staking putting it as a collateral for some cash and paying interest for that, means 2 things
- you think inflation in gold prices ll be higher than the inflation in your country

ft.com/content/86a5fafd-603e-4

Financial Times · Gold stockpiling in New York leads to London shortageBy Leslie Hook