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Reuters/Peter Hobson/3-27-2020
“The move would be aimed at reducing the risk of disruption if metal cannot reach London, the world’s most important physical gold trading hub, where trades are underpinned by metal held in high-security vaults.”
USAGOLD note: It was only a few days ago that we were told there is plenty of gold in London just in the wrong bar size. This article tells us the physical availability problem goes beyond bar size to one of getting gold in and out of the world’s central physical gold hub because of coronavirus-related problems.
Cartoon courtesy of MichaelPRamirez.com