Bank of England Stammers Through Gold WithDrawal Delay Explanations
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SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?sub_confirmation=1. The BoE Governor has downplayed the story, stating last week that gold is now unimportant and maintaining that London is still a key leader in the global gold market.
This week, the talking point was that they're managing it. It's orderly. The BoE bullion yard was jammed with an armored lorry Thursday morning, and gold bullion is a heavy element (nervous laughter).
The spot silver and gold markets traded up again this week.
The spot price of silver in fiat USD ended at $31.80 oz bid.
The spot gold price closed at $2,860 oz bid.
The spot gold-silver ratio ended this week basically flat at a still historically stubbornly high level of 90.
There is speculation that the USA may be moving policy towards releasing and marking the nation's gold reserves more to market as gold prices climb.
This could better balance deficits and create a more multipolar world in which the fiat US dollar remains the reserve currency. Allies could buy our debt in longer-term durations to sustain the system for longer.
The article's author, Gillian Tett, backlinked various think tank pieces parsing out ideas for how to do so.
FT - Gold glitters as the unimaginable becomes imaginable:
https://archive.is/jfnRt
That will be all for our weekly SD Bullion Market Update.
And, as always, to you out there.
Take great care of yourselves and those you love out there.
Royalty-Free Music & Copyrighted Music provided by:
––––––––––––––––––––––––––––––
"Art of Silence - by Uniq" — https://youtu.be/3V-pYCGx0C4?si=niiX8DCzqtbaN0zj
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Видео Bank of England Stammers Through Gold WithDrawal Delay Explanations канала SD Bullion
SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?sub_confirmation=1. The BoE Governor has downplayed the story, stating last week that gold is now unimportant and maintaining that London is still a key leader in the global gold market.
This week, the talking point was that they're managing it. It's orderly. The BoE bullion yard was jammed with an armored lorry Thursday morning, and gold bullion is a heavy element (nervous laughter).
The spot silver and gold markets traded up again this week.
The spot price of silver in fiat USD ended at $31.80 oz bid.
The spot gold price closed at $2,860 oz bid.
The spot gold-silver ratio ended this week basically flat at a still historically stubbornly high level of 90.
There is speculation that the USA may be moving policy towards releasing and marking the nation's gold reserves more to market as gold prices climb.
This could better balance deficits and create a more multipolar world in which the fiat US dollar remains the reserve currency. Allies could buy our debt in longer-term durations to sustain the system for longer.
The article's author, Gillian Tett, backlinked various think tank pieces parsing out ideas for how to do so.
FT - Gold glitters as the unimaginable becomes imaginable:
https://archive.is/jfnRt
That will be all for our weekly SD Bullion Market Update.
And, as always, to you out there.
Take great care of yourselves and those you love out there.
Royalty-Free Music & Copyrighted Music provided by:
––––––––––––––––––––––––––––––
"Art of Silence - by Uniq" — https://youtu.be/3V-pYCGx0C4?si=niiX8DCzqtbaN0zj
––––––––––––––––––––––––––––––
Видео Bank of England Stammers Through Gold WithDrawal Delay Explanations канала SD Bullion
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8 февраля 2025 г. 9:15:06
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