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Author Topic: Gold leaving London  (Read 112 times)

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Offline DDZ

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Gold leaving London
« on: March 10, 2025, 01:46:10 AM »
Saw that there is a large amount of gold leaving London and arriving in NY. Not sure what all this means, but mostly due to fears of tariffs on gold.

https://www.firstpost.com/explainers/banks-fly-gold-london-new-york-us-tariff-threats-13864396.html
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Offline Bob Riebe

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Re: Gold leaving London
« Reply #1 on: March 10, 2025, 05:18:21 AM »
The weird thing is, there are 12 troy ounces in a troy pound (meaure used for Gold) but 400 ounces the size of a "Good Delivery" bar standard, gold bar size. equals 33.3333... troy pounds.

Why not just use a 360 ounce bar which would be 30 Troy pounds.
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Offline Lloyd Smale

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Re: Gold leaving London
« Reply #2 on: March 10, 2025, 09:29:28 AM »
were probably buying it because fort knox has been slowly robbed
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Offline DDZ

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Re: Gold leaving London
« Reply #3 on: March 10, 2025, 11:51:21 AM »
Quote from: Lloyd Smale on March 10, 2025, 09:29:28 AM
were probably buying it because fort knox has been slowly robbed

Was wondering if thats part of it.
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