HSBC’s London Gold Vault: Is this Gold’s Secret Hiding Place?
By GCRU Gold News on Tuesday, April 19 2016, 09:02 - Permalink
HSBC’s main gold vault in London regularly comes under the media spotlight for a number of reasons
a) the HSBC London vault stores a very large amount of gold on behalf of gold-backed Exchange Traded Funds, primarily the well-known SPDR Gold Trust (GLD)
b) along with the Bank of England vaults and JP Morgan vault, the HSBC vault is one of the 3 largest gold vaults in London
c) the location of the HSBC vault in London is not publicised and so the secrecy creates intrigue
d) HSBC every so often throws out some visual or audio-visual media bait about the vault, most famously in the case of CNBC’s Bob Pisani and his camerman and producer visiting and filming inside the actual vault