Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent

Maguire says HSBC will close London vaults; Celente asks where GLD metal goes

IMG Auteur
Publié le 07 mars 2015
90 mots - Temps de lecture : moins d'une minute
( 1 vote, 5/5 ) , 2 commentaires
Imprimer l'article
  Article Commentaires Commenter Notation Tous les Articles  
0
envoyer
2
commenter
Notre Newsletter...
SUIVRE : Andrew Maguire
Rubrique : Fil D'Or

In his interview today with King World News, London metals trader Andrew Maguire adds that bullion banker HSBC is closing all seven of its gold vaults in London:

http://kingworldnews.com/andrew-maguire-smash...sbc-shocks-c...

Since HSBC is custodian for the gold purportedly held by the major gold exchange-traded fund GLD, trends forecaster Gerald Celente wonders in a KWN interview what's going to happen to the metal:

http://kingworldnews.com/celente-closing-l...will-shake-w...

Of course a bunch of gold vaults have opened lately in China and Singapore. Maybe they would have room -- if they don't already have the gold too.

 

<< Article précedent
Evaluer : Note moyenne :5 (1 vote)
>> Article suivant
Publication de commentaires terminée
  Tous Favoris Mieux Notés  
I think people need to do some math, before making alarmist or incorrect comments:

The reason HSBC is closing their London Vaults is because they
only have enough gold left in the GLD to fit a room 20 ft x 10 ft x 8 ft.

Here is the math:

Gold in GLD =$30 Billion Dollars=25,000,000 ounces=62,500 x400 ounce
bars

One (1) 400 ounce bar is approx 44 cu inches
62,500 x 400 ounce bars =2,750,000 cu inches or 2750000/1728=1591
cubic feet

A room 20x10x8 is 1600 cubic feet.

That is not much Gold for supposedly a large gold ETF? and certainly,
you don't need 7 vaults to store their gold:)


Evaluer :   2  0Note :   2
EmailPermalink
Excellent work. Haven't checked your maths but presume them correct.
As for Maguire, I don't believe a word that comes out of his mouth.
Dernier commentaire publié pour cet article
Excellent work. Haven't checked your maths but presume them correct. As for Maguire, I don't believe a word that comes out of his mouth. Lire la suite
S W. - 22/03/2015 à 19:06 GMT
Top articles
Flux d'Actualités
TOUS
OR
ARGENT
PGM & DIAMANTS
PÉTROLE & GAZ
AUTRES MÉTAUX
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.