71–80 of 280 posts
Earlier quoted context omitted.
Why would language matter? Anyway, Frankfurt is the next biggest financial center after London, and it tend to get the business when a firm wants to move out of London .
Yes but we Germans are too stuck up with our language barriers.
Interestingly, 59 tonnes of gold was sold in USA and bought in London. So that means perhaps "Somebody" transferred 59 tonnes of their gold holdings to the USA.. who was that? This is similar to what the French did last year. The other thing I noticed, is that as the article chose to mention: > Gold that is held with the Bank of England must meet modern international trade standards with implication being that the go…
You're reading way to much into this. Physical gold bars are transferred via plane between London and New York every day. The gold flies in the cargo holds of regularly scheduled commercial passenger flights. The quantity transferred depends on demand, and could be several metric tons daily. This is nothing unusual. Dubai is another major gold transfer hub, and it operates via the same mechanism. Regarding the articl…
Earlier quoted context omitted.
In all fairness, I deal with British tourists a lot and they always talk about "going to Europe" when they refer to their summer holiday in Benidorm.
In the San Francisco Bay Area, the locals refer to SF proper as “The City” (not “Frisco”.) So, they may live in Cupertino, Palo Alto, or Oakland, but when they say “we’re going to The City for a concert on Saturday!” we can hear them pronounce those capital letters as an unambiguous reference to the one, true City.
Isn't lithium the new gold?
Interestingly, 59 tonnes of gold was sold in USA and bought in London. So that means perhaps "Somebody" transferred 59 tonnes of their gold holdings to the USA.. who was that? This is similar to what the French did last year. The other thing I noticed, is that as the article chose to mention: > Gold that is held with the Bank of England must meet modern international trade standards with implication being that the go…
That 59T could have been someone that decided to starting owning gold for the very first time, so 'net-new' holding rather than a 'transfer'. The 59T could have also been multiple parties and not an individual "somebody": we only know that it was 59T from the sell side (NL).
Earlier quoted context omitted.
Of course the bank is not going to make a political statement, they have more important business to do. The article makes it pretty clear right at the top that the bank’s statement doesn’t mention Trump: > Experts say that rhetoric appears inherently related to the abrasiveness of the Trump administration towards traditional allies. Also, the “experts” are just right here. Are you gonna say that Trump hasn’t been thr…
I mean, if I hear the phrase "geopolitical unrest", I'm far more inclined to think "Iran"/"Russia" than "51st state". If the point is to get your gold away from the US and its president, why leave ~19% of if there? Why take gold out of Canada? Why is a two-word phrase inherently related to the abrasiveness of the Trump administration towards traditional allies"? And the bank's stated reason is: "Gold that is held wit…
Well, they're not putting it there, either.