China's Largest Bank Is Quietly Cornering The Market For London Physical Gold
By GCRU Gold News on Monday, May 16 2016, 23:31 - Permalink
ICBC Standard Bank reported that it was also buying Barclays' London precious metals vault, giving the Chinese bank the capacity to store gold worth more than US$80bn in the secret location.
The vault, which can store 2,000 tons of gold and other precious metals such as silver, platinum, palladium, was opened by Barclays in 2012 and took more than a year to build.