Gold traders moved large quantities of gold from London into US COMEX depositories in anticipation of potential tariffs on gold flows, not due to fundamental changes in gold supply or demand, but as an insurance policy against trade barriers.
factualpending
Speaker
John ReedEvidence Quote
“there has been an enormous amount of gold that's travelled from Europe, basically comes from London, goes to Switzerland to get re-refined and recast and has ended up in depositories associated with the Comx futures market in the States... What this is, this is the gold trading industry prepositioning its inventory, which it usually holds in London. It's been moving it to the United States in case there are tariffs on those flows.”
Source
Europe Is Cracking – Gold Demand Explodes, What Comes After the Crash? | John Reade— Soar FinanciallyCreated: 8/11/2026, 6:47:47 AM
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