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Gold

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Kitco News

Will gold, silver bullion see severe shortages again? LBMA’s Ruth Crowell

With lockdowns returning to in Europe, worries climb that London, a major vaulting center, will certainly face logistical challenges in carrying and also servicing gold and silver bullion, similar to what took place in March that led to scarcities of the physical rare-earth elements markets.

Ruth Crowell, chief executive of the London Bullion Market Organization (LBMA), claimed that vaults and also company are a lot more ready this moment around.

" This is something we talk about in terms of prospective market disruptions, as well as part of our duty in regards to being that point of get in touch with for the framework service providers below in London is talking to the safes and also the carriers regarding just how are you all set … for COVID obstacles as well as Brexit obstacles. I assume the frustrating reaction is that they're very ready," Crowell said. "And also somehow having had the challenges of the pandemic in March as well as April has actually made the marketplace much more durable to those obstacles up ahead."

0:00 – LBMA's goal
1:30 – Logistical difficulties
7:01 – Brexit impact on markets
10:05 – Gold market overview
12:40 – LBMA standards

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Silver

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