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Bloomberg/Elena Mazneva and Jack Farchy/5-29-2020
“The scramble to jump on one of the hottest gold trades in years — by shipping bullion to New York — has sparked what may be one of the largest ever physical transfers of the metal. ‘The flows into New York are unprecedented,’ said Allan Finn, global commodities director at logistics and security provider Malca-Amit. His company’s teams in New York have been working 24 hours a day to cope with demand while navigating lockdowns, flight disruptions and social distancing.”
USAGOLD note: As the saying goes, there’s no rush like a gold rush …… Such a fuss over a pet rock.
Image courtesy of Visual Capitalist