Traders are scrambling to fly gold bullion across the Atlantic [London to New York City] — here’s why
business insider markets | 2/17/2025 | Nora RedmondGold is being flown from London to New York in unusually high volumes. …
The metal has been trading at record highs of about $2,9000 an ounce this month.
Significant amounts of gold are being taken out of the UK’s central bank and flown to New York …
… gold held at the Bank of England has been trading at a discount to the wider market, and traders face lengthy delays to make withdrawals.
Ocean’s Thirteen:
“Alright boys/girls, etc. we’re gonna need another dozen she/he’s to pull this one off.”
I’m thinking that someone is extremely worried that with all of that extra weight, England will capsize…
Mmmmm. Bullion.
Ft. Knox is being audited.
My thought precisely. There’s a lot less gold in central bank hands in general since the regrettable Auric Goldfinger affair.
Why Are Traders Scrambling To Fly Gold Bullion From London to NYC?
The new toilets at the White House are going to be Tight!