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Because of leasing, gold supply is tighter than it seems, Macleod tells KWN
8:45p ET Saturday, February 20, 2021
Dear Friend of GATA and Gold:
Gold is even scarcer than it seems, GoldMoney research director Alasdair Macleod tells King World News today, because so much of it is leased and no matter where it is vaulted it has more than one nominal owner.
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It has gotten so bad, Macleod says, that gold exchange-traded funds are claiming to be vaulting gold at the Bank of England, though the bank is not a regular custodian of ETF metal. Instead, Macleod says, to cover its books an ETF custodian is leasing gold kept by central bank at the Bank of England.
Macleod's comments are headlined "Crisis Brewing in London as Gold Liquidity Dries Up" and it's posted at KWN here:
https://kingworldnews.com/crisis-brewing-in-london-as-gold-liquidity-dri...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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