$5 Billion Gold Secretly Leaves London

Recently just over 8,000 large central bank sized - four hundred troy ounce gold bars - or put more bluntly, 100 tonnes of gold bullion - were carefully transported by armed guards under the cover of darkness.

Flown in 8 separate 737 jet airplanes each carrying an average of 400,000 oz of gold bullion from the Bank of England’s gold vaults in London to the central bank of Poland's undisclosed deep gold storage locations.

Gold Price Update

With what should have been a slow precious metals news week was anything but this Thanksgiving 2019.

Poland has now gone out into the physical gold bullion market and bought huge tonnage lots of gold. The Polish have now taken almost half the delivery of their official gold reserves out of London and into deep Polish central bank storage.

Look now, there too are other eastern European Union nations are doubling down on their own bold gold delivery rhetoric making London sound like a once large gold power fading in credibility.

Huh, we wonder why?

Turning back further still into the derivative gold price 'discovery' markets this week.

News out of New York shows some financial entity placed an options bet that will pay off big time if the gold price reaches perhaps at level faster than many believe is currently possible.

Respected gold industry peers and colleagues have speculated the possibilities and motivations behind this recent $4,000 oz gold bet by June 2021. Again today the spot gold price is currently just under $1,500 oz as we near the next decade, 2020.

Maybe someone is wild speculating or perhaps someone has perhaps deeper inside knowledge of what may be coming down the financial road.

Facts are a $1.75 million fiat US dollar gold derivative bet was just made. It could pay off over $1.2 billion fiat US dollars if it strikes in time.

Good luck, gold bulls will be watching.

James Anderson
SDBullion.com

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