The temporary shortage of immediately available gold in London was caused not by lack of physical gold but by bureaucratic bottlenecks at the Bank of England processing withdrawal requests when multiple banks queued simultaneously, a queuing problem rather than a supply problem.
causalpending
Speaker
John ReedEvidence Quote
“It caused a temporary shortage of immediately available gold in London as well. Not because there's a lack of gold in London. It's just that most of it's in the Bank of England... doesn't have the ability to be able to scale up its activities four or fivefold”
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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