>>22157896>>22157908also "leasing" in gold markets means trading unallocated bullion in vaults without moving it afaik. So now that a lot of gold has recently been shipped out of London to New York a few weeks ago, the gold leasing rates in London unsurprisingly skyrocketed. Why was the gold moved to New York? Supposedly private banks wanted to catch an arbitrage. I think all of this market action implies strong underlying demand for gold finally beginning to take shape in the West as well
A bit slow on the uptake, Asia and Central Banks have been buying up all the gold they can the past few years
