BoE Gold excuses
Bank of England was again asked today: Gold Bar withdrawal delays
[ current queue to pull bullion, 1—2 months of wait ]
takes time and quite heavy he says.
Bank of England was again asked today: Gold Bar withdrawal delays
[ current queue to pull bullion, 1—2 months of wait ]
takes time and quite heavy he says.
https://x.com/BullionBrief/status/1887615945927254477
Yep, appears that the BOE just does not have the Gold in deliverable form. The lease rates have risen and at some point the Gold in their vaults will not be deliverable at all. Don’t know enough to know how this will affect the price. I can only guess.