Why Has $1 Billion in Gold been Shipped from New York to South Af
In what may be the strangest story I have seen in a while related to the gold market, it appears $982 million worth of gold has left JFK international airport in New York to some undisclosed location in South Africa. While it remains unclear what purpose this gold serves, it seems the most likely explanation is to fulfill demand for Krugerrands (South Africa’s popular gold bullion coin) to meet elevated demand in the face of constricted mine production. This story is timely coming on the heels of the article I posted yesterday about how Dubai’s gold demand is running at 10x normal levels.
Read More: http://economicrisis.com/why-has-1-billion-in-gold-been-shipped-from-new-york-to-south-africa/7897