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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 Redmond
Posted on 02/17/2025 8:18:50 PM PST by catnipman
Gold is being flown from London to New York in unusually high volumes.
Gold held in the UK's central bank has been trading at a discount due to tariff fears.
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, driven by fears about the impact of tariffs threatened by President Donald Trump.
The uncertainty means 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.
(Excerpt) Read more at markets.businessinsider.com ...
TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: gold; london; newyork; tariffs; trump
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threat of tariffs driving physical gold trading out of Europe into New York City!
1
posted on
02/17/2025 8:18:50 PM PST
by
catnipman
To: catnipman
I’m assuming there is precautionary measures being taken at Ft Knox.
2
posted on
02/17/2025 8:19:42 PM PST
by
Jonty30
(Groundhogs don't falsify their predictions for grant money, whereas climate scientists do. )
To: catnipman
3
posted on
02/17/2025 8:21:18 PM PST
by
lightman
(Beat the Philly fraud machine the Amish did onest, ja? Nein, zweimal they did already!)
To: catnipman
Topping up the promised quantity at Ft. Knox?
4
posted on
02/17/2025 8:35:59 PM PST
by
coloradan
(They're not the mainstream media, they're the gaslight media. It's what they do. )
To: catnipman
Gotta replace at least some of the missing gold.
5
posted on
02/17/2025 8:36:57 PM PST
by
E. Pluribus Unum
(The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
To: catnipman
Franticly trying to avoid "Al Capone II"...
6
posted on
02/17/2025 8:45:24 PM PST
by
ProtectOurFreedom
(Democrats who say ‘no one is above the law’ won’t mind going to prison for the money they stole.)
To: catnipman
One word. And it isn’t “tariff”, it’s “audit”.
To: catnipman
Why am I laughing so hard.??? Our Trump has them looking for a deal on Depends bigfime
8
posted on
02/17/2025 8:49:54 PM PST
by
BigEdLB
(Adults are in charge )
To: catnipman
They should contact Crapgame and Oddball....
9
posted on
02/17/2025 9:02:01 PM PST
by
decal
(They won't stop, so they'll have to be stopped)
To: catnipman
driven by fears about the impact of tariffs threatened by President Donald Trump. A nonsense media narrative
Trump never said anything about tariffs on gold, tariffs on UK or LBMA, etc...
There's other things driving this, and no one knows exactly what they are.
10
posted on
02/17/2025 9:07:54 PM PST
by
PGR88
To: All
The bottom line is, the big boys are grabbing gold as fast as they can.
Do the same...because something big is coming.
11
posted on
02/17/2025 9:11:01 PM PST
by
chud
To: chud
I believe Ukraine and some of the Europe gaggle—with our Neo-Cons want to trip off WW III hoping it will be a conventional war and a re-play of WW II. Quick march to Moscow, Putin shoots self in his bunker and Russia can be plundered of her natural resources. Lots of old scores to settle. Sorry, I do not think it would go down that way. A Victorious Europe would not be a nice Europe.
To: Forward the Light Brigade
Weaken Russia, Turkey Rises, and with all the Muslims in Europe, they will support Turkey’s avenging of “The Battle Of Vienna”.
13
posted on
02/17/2025 9:45:25 PM PST
by
dfwgator
(Endut! Hoch Hech!)
To: ProtectOurFreedom
What ever happened to the gold vaults under WTC 1&2?
14
posted on
02/17/2025 10:25:35 PM PST
by
thinden
(Buckle up …..)
To: Jonty30
I’m assuming there is precautionary measures being taken at Ft Knox. Why ?
To increase the Security around the painted styrofoam ?😜
15
posted on
02/17/2025 10:35:27 PM PST
by
mabarker1
(I(Congress- the opposite of PROGRESS!!! A fraud, a hypocrite, a liar. I'm a member of Congress!!!)
To: thinden
HUSSSH !!! You’re not supposed to bring that up !!!
16
posted on
02/17/2025 10:37:29 PM PST
by
mabarker1
(I(Congress- the opposite of PROGRESS!!! A fraud, a hypocrite, a liar. I'm a member of Congress!!!)
To: chud
I have some extra room in my cellar Hint Hint.
To: Jonty30
“I’m assuming there is precautionary measures being taken at Ft Knox.”
i guess we’re gonna find out soon once DOGE finishes counting the bars ...
18
posted on
02/18/2025 3:46:29 AM PST
by
catnipman
((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
To: Jonty30
MMMmmm I think this might be a scramble to put gold into Fort Knox ahead of an audit.
19
posted on
02/18/2025 3:56:27 AM PST
by
rottweiller_inc
(Lupus urbem intravit. Fulminis ictu vultures super turrem exanimat. )
To: catnipman
I want things to be well at Ft Knox, but I have bought my lawnchair and popcorn, just in case.
Lawnchair and popcorn.
20
posted on
02/18/2025 3:58:11 AM PST
by
Jonty30
(Groundhogs don't falsify their predictions for grant money, whereas climate scientists do. )
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