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Bank Of England And LBMA Gold Vaults – The “London Float”

Executive & Research Director @ GoldCore
September 24, 2015

A case study of physical gold stored in London Vaults in LBMA 400 troy ounce gold bars has been undertaken by Ronan Manly, Koos Jansen, Bron Suchecki and Nick Laird.

Nick Laird has just completed a great article replete with many interesting and important charts which further illuminate the size of the “London Float” which is the working supply of gold available to meet the gold markets daily needs and huge international demand for gold today – especially from Germany, India and China.

The size of the “London Float” is examined and brought “out of the shadows and into the light of day”.

[Please click chart to expand]

Jesse’s Cafe Americain via Sharelynx – please click image to expand

Laird concludes that there is an increasing shortage of physical gold bullion in LBMA vaults and on the COMEX due to the continuing flows of gold east to “satisfy the current rampant Asian demand”.

The full article and excellent charts can be accessed here.

Palladium surged another 6% yesterday and is 0.3% down today. The move appeared to be a short squeeze and may be the precursor for the long awaited short squeeze higher in gold and silver.

 Courtesy of  www.GoldCore.com

Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 


It is estimated that the total amount of gold mined up to the end of 2011 is approximately 166,000 tonnes.
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