TheGrinder on Nostr: People are moving their gold out of the UK (back to the US) out of fear of massive ...
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.
Published at
2025-01-31 15:45:58Event JSON
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