Growing trade in gold rods

Speeds sound 24 hours in the Argor-Heraeus processing plant in the southern first patient, which is a freshly spilled gold bar from mold.

According to Robin Kolvenbach, Executive Director of the region Robin Kolvenbach, the oil refinery has never worked and continues with a massive requirement of up to 1 kg since December gold Bars in New York.

“The demand has increased a little,” said Kolvenbach. “Typically, a peak demand period will continue within a week or two. But at this time, the peak requirement is very unusual.”

Since December, US President Athleman Donald Trump has helped gold on a golden price of gold, which is more than $ 3,000 for a troy ounce of gold with gold imports. More than $ 61 billion wind was poured to prevent potential traders, to distort the country’s trade information, to avoid potential dialing A fawning spark in LondonThe world’s largest gold shopping center.

American Gold Rush, thanks to a tail of the global bullion markets, Colwenbach is very busy: two market uses a different sized stick. In London, most trade is in 400 troy-ounce rods, each of about 12.5 kg and about a brick size.

New York’s Comex sharing, on the contrary, uses a smartphone-sized 1 kg bar as the price. This, first of the world’s largest gold processing plants in Switzerland, the house of the world’s largest gold processing plants must be distributed.

In one part of a second, in a world where financial transactions around the world emphasize the prosperous triangular trade gold market rely on the heels of the metal. Billions of dollar gold in normal periods are sold without rods with no vault.

However, the trump has intensified the system of distortions created by the radical trade policy. Although Trump never remembers bullion tariffs, it was enough to create a higher chance of the metal on the Atlantic to create an arbitration for allergic to allergics, higher than London.

An important price gap was opened during the early stages of the pandemic. However, Hoardi of the gold in New York has now exceeded the record of the cousin period.

“The physical nature of gold, especially all day, is something that is not evaluated by a group that trades in Bloombergs,” he said. “Gold has financial features, but it is also physically active.”

Liquidity crisis

The flow of golden sticks flowing to New York is usually deep underground underground underground underground in the center of the UK Bank in the center of London.

When an order is given to withdrawing the golden rod, an employee will often enter the golden gold to find the golden gold and “will win”. Since London is based on clay, the soft foundations of the Boe building means that gold can only be attached to the shoulder height.

The process takes a lot of time and resulted in the greatest swelling in the supply chain for 1 kg bar. The golden pot staff should be strong enough, carefully designed and strong enough to raise the golden bar – therefore the staff levels cannot be increased quickly to meet the short-term demand.

At the beginning of December, in early December, industrial figures gathered at a dinner hosted by London Bullion Market Association (LBMA) in the National Gallery, discussed the demand for the United States.

London, as competing in New York to transfer gold from gold, turns back to gold from Boe, the turn of the London Bullion market creates a liquidity crisis in the London bullet market.

Short-term rates for gold strokes Record levels Last month, traders, processing and chieftons and jewelry producers struggled to get their hands on physical metal, increasing the cost of business capital.

“There is a strong demand for delivery nests,” Boe Governor Dave Ramsden admitted at a press conference at a press conference at a press conference at a press conference at a press conference in February. “Gold is physically active, so there are real logical restrictions and security restrictions.”

Boe takes up to dozens of central banks, as well as bars on behalf of commercial banks. Only 6 percent of gold in large box office belong to the UK Treasury.

Despite the inheritance of Ramsden in London’s physical gold markets, despite the neutralism of Ramsden and the role of New York as the main futures shopping center, the rival reflects less rights compared to commercial tony operations. However, this emphasizes the great importance of confidence in the gold market: investors and central bankers are pleased to park the golden gold under gold for centuries, for centuries.

“The historical advantage of London has fallen back to the first World War, from the end of the Napoleon war, from the end of the Napoleon war,” said Jim Steel, the Precious Metal Analytics in HSBC. “There is a long legacy of gold operations from the UK and England Bank.”

‘Black swallow incident’

After leaving the Boe Cashiers, the rods were usually taken to a truck with armored truck, Heathrow airport and flew into the abdomen of a passenger plane. For the reason for the insurance, passenger planes are only 5 tons of gold at a time.

Prior to the return of Zurich, gold, before returning to the United States, it was taken to a processing plant that was melted before returning. The cost of this journey between London and New York is around 3 to $ 3 to $ 3 to $ 3 per ounce, including shipments and beginners.

The Argor-Herayeus processing plant in the Swiss city of Mendrisio, the Italian border, has become a long lane in the “Continuous Casting” machine. Because 400 ounces of ounce rods are already in the “fine gold” – 99.99 percent for investment bullion – they do not need to be further cleaned, it should be re-changable.

To do this, the golden strip from the cast machine is cut into pieces of about one weight loss. After a weight adjusted, it melts again, pours a weight loss barb – then chilled, sealed and polished.

Walking on the casting floor, Colwenbach, where the two-worker’s adjacent furnaces are poured in the adjacent furnace – it lasts 24 hours a day, which is currently working 24 hours a day to meet high demand.

It is more than planning the refinery. It also works in rough bars from Mine and a mint that seals gold, silver and other metals, as well as production jewelry and small golden sticks. ColVenBach explains that some of the most important works in the building occur in the laboratory that carefully tested each bar on the facility.

Inside the processing plant here, the liquidity crisis in the wider gold market, which soon disappeared the rent of rent for gold in the short term. To reduce the requirements of the work capital and not be exposed to gold prices, processing plants, rent a majority of gold in the factory. Sudden growth in the rental rate increased operational expenses in Argor-Heraeus and other processing plants in Argor-Heraeus and other processing.

Kolvenbach said that this is a “black swallow event” that major the value base. “It’s been affected by everyone in the end because it was a pain for the whole industry,” he said. Although rental rates fall below the peaks in February, they are still about three times higher than normal levels.

Why do industry offer different explanations why New York and London use different size gold bars for contracts.

“Does this mean? No.” said Kolvenbach. “I spent the same question myself. I have never found the right explanation.”

COMEX tried to start the futures contract for a large 400 ounce rod during the pandemic, but did not leave.

LBMA President Ruth Crowell said that the markets will be ideal on the same bar in the future. “I would like to think that we can all accept that we should all look at the shape and size of the bars in London and New York,” he said.

However, the system continues in large amounts of inertia, Reace argues.

“Of course, for everyone involved in this process, there are people who have been preparing to take the risk of financial opportunities, processing plants, consignors, and new York, and create financial opportunities for whether processing plants, and in this process,” he said.

As the fears of gold tariffs decrease today, the golden flow slow down in New York. Trump Protectionist Push, if the traders are cleared of precious metals, Gold Eye is waiting for the flow of cheaper storage costs as long as long-term owners of London.

When this happened, the Swiss golden furnaces will open fire again with the hour.