PANIC : almost all GOLD SOLD in the USA
The Wall Street Journal reports that American investors and bankers faced a problem - due to the crisis caused by the coronavirus, almost all gold was sold in the United States.
So, Credit Suisse Group AG, which has been minting its own ingots since the mid-19th century, informed customers this week that their reserves have run out and there is nothing to wait for, RIA Novosti reports. It came to the point that British bankers leased private jets to deliver their bullion to exchanges in New York. Wall Street bankers were forced to ask for help from the Royal Canadian Mint. This week, the price of gold futures in the US rose by about 9%, to $ 1,620 per troy ounce. This is a record increase over the past seven years.