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No, they could sell the gold in the US to purchase gold that’s already physically closer for a slight premium. Possibly that ends up being cheaper than actual t
by petesergeant 1y ago
No, they could sell the gold in the US to purchase gold that’s already physically closer for a slight premium. Possibly that ends up being cheaper than actual transport.
- djtango 1y agoIn December there was a large movement of physical gold from London to New York as banks closed their EFP arbs. This was enough to put a lot of pressure on the market. I imagine if Germany did that with their reserves a similar effect would come about.
- petesergeant 1y agoThe question is if it screws the market prices more than the cost of lifting and shifting the gold themselves, which presumably would not be cheap.