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Win us with honest trifles

Working theory: Bullion held at GLD covers Wall St. year-end bonuses

Gold bullion holdings at the main gold bullion ETF, GLD, dropped by 19.22 metric tonnes in the month leading up to Christmas. Since then, it’s begun to climb back:

That’s 617,925 gold which at U$1,800/oz a pop, is worth U$1.11Bn, so…forget it. Bad idea, bad theory, It doesn’t even cover a tenth of the Vampire Squid’s 2021 bonus pool, let alone all the others.

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