This is a topic of great interest. Recently read in an article that I got sailing in Tweeter.
that these delays are also due to what the gold stored in England is stored in billets of 400 ounces approximately, and the gold that is traded in USA is made in billets of 100 ounces.
In this article they comment that doing this ounces is not entirely so easy, since they must send gold to Switzerland where the only refineries that do that work are located. to later send it to USA.
If USA begins to ask for their gold, other nations will do the same, and that will not lead to a bank run on gold possibly, due to the entire "paper gold" in existence, compared to the Palpable physical gold stocks.
and gold touching the 3000 $ per ounce.
If all this continues like this, I think we are not prepared for the climb that comes both in the gold, and in turn in Bitcoin
Nobody knows, so anyone claiming they do is either scamming for twitter revenue or a spook.
The price of gold moving somewhat violently does imply a lot of redemption activity, but that could be for any number of reasons. The move doesn't seem big enough to imply a vault run.
Chatter about Trump and the US Treasury planning to re-value the US's gold holdings makes a lot of sense and I think far more interesting since the dollar is the denominator for global debt and trade.
The London exchange being tits up would have less impact than Ft Knox being tits up, and we know Elon/DOGE is sniffing around that already. Ft. Knox truthers pre-date London truthers by decades.
Given we can't know, we could postulate on the possibilities:
London is tits up: Gold runs up higher as dying currencies and banks try to stop the bleeding in foreign exchange markets. The London financial center death march is complete. My timeline for the UK becoming a US state/protectorate gets accelerated. Bitcoin pumps.
Trump revalues US gold and it's actually there: This lets the treasury issue new currency without new debt, basically QE. Bitcoin pumps.
gold,and in turn inBitcoin