The Journal.
Why Gold Bars Are Flying Over the Atlantic
Feb 26, 2025
Joe Wallace, a Wall Street Journal reporter, dives into the intriguing world of gold trading. He explains the surprising phenomenon of gold bars being flown commercially from London to New York. Wallace discusses the historical significance of London in the gold market and how recent market fluctuations are creating challenges for traders. The conversation also reveals the complexities of retrieving gold from the Bank of England, alongside strategic trading opportunities arising from price discrepancies across the Atlantic.
18:12
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Quick takeaways
- The increasing transport of gold bars on commercial flights from London to New York highlights the complexities and responses to gold market fluctuations.
- Major financial institutions, including J.P. Morgan and HSBC, play crucial roles in the gold trade, navigating market disparities and logistical challenges.
Deep dives
The Surprising Cargo of Passenger Flights
Many passenger flights crossing the Atlantic are carrying significant amounts of gold, sometimes totaling up to five tons, which is about half a billion dollars in value. This practice has emerged as a response to shifts in the gold market, reflecting underlying financial concerns. There is a notable secrecy surrounding these gold transports, as informing passengers could create security risks. The gold's journey often begins in the vaults beneath London, adding layers of complexity to its transportation due to strict regulations and logistics.
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