What’s happening?
Discussion
People are moving their gold out of the UK (back to the US) out of fear of massive tariffs coming. Turns out that the bullion banks have to borrow the gold from the central bank. There is probably more to the full story (new gold ath, US tariffs, investor panic etc) but long story short, they don't have the gold just like the banks don't have the money.
Wow! Major 🍿 moment if true. Stack sats not grams 🤙
I love a good ole fashion gold run. Capital will always flow towards freedom.
There's a minimum of 4 weeks to get delivery of gold from the BoE.
It reminds me of the last time I withdrew €15k of cash from my bank. It took time for it to be found.
May I ask you in which country?
In Spain if you go to your bank to withdraw 15k € of your own money they will crack their asses.
It is basically illegal.