Loading ...But, if it is the US govt buying, they would be doing so in absolute secrecy, so “they” wouldn’t know about it and wouldn’t react.
The gold flowing from Britain to the US is under the guise of “repatriation”, which sounds quite innocuous, leads to claims that there is an arbitrage on the POG between the two locations. I doubt that exists, especially as the time taken, and costs involved, make it a very high risk trade. OK, so there might be some repatriation of already owned gold across the Atlantic, but I suspect most of the flow is gold purchased and then ‘repatriated’. Or I guess patriated is the word. It makes sense for the US to be bolstering its reserves if China and Russia are doing so but the impact on the market if it was done openly would be, well, “to da moon”. Trump listens to Ron Paul. And Trump has so many in your face projects going after only three weeks that no media has the resources to look at something like pet rocks being traded under the counter.
If it turns out that the US has joined China, Russia and India, along with several other countries, in buying gold, then that puts pressure on every country to do likewise. Be right, and sit tight.