IKN

Every why hath a wherefore

GLD bullion holdings

Interestingly the holdings of bullion in the biggest gold ETF, SPDR Gold Shares (GLD), are some 20 tonnes lower than this time last month despite the recent pop in gold.
NB: Please note cut down Y-axis
And 20 tonnes of gold is about U$820m worth at current prices, that’s not loose change. Data from here.

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