Gold being stored in CONUS is a good thing, no matter who actually owns it.
There is more to this story.
Guess I’ll have to wait for The Bee to fill in the details.
Gotta have all our gold back before it gets audited.
The tariff excuse is pure BS. Most likely reason is the Comex is trying to avoid default….but nothing makes perfect sense. The Comex has had historic deliveries being made, and their Gold must be “ good delivery bars”.
Some really Big, HUGE entity is taking delivery, big $$$. Comex deals in paper contracts and was not prepared for all the physical deliveries ,or, .Gov is repatriating Gold in a hurry.
Financial greats like Grandrich, Schiff, Holter, MacLeod, etc ALL agree, something really huge and historic is happening.
GATA.org has been covering gold for two decades. A must read site:
A non-profit organization.
Because they are too heavy to swim to New York with?
Hmmm
I figured it was deep state trying to cover the upcoming Fort Knox audit.
Gold fell below $2,950 per ounce on Tuesday but remained near an all-time high, buoyed by safe-have flows due to concerns over U.S. President Donald Trump’s tariff policies. Trump on Monday said that tariffs on Canadian and Mexican imports would proceed as planned, prompting markets to price in inflationary risks that could influence the Federal Reserve’s monetary policy.
Also supporting the precious metal, SPDR Gold Trust, the world’s largest gold-backed ETF, reported its holdings rose to 904.38 tonnes on Friday, the highest since August 2023.