Amid London gold turmoil, HSBC taps Bank of England for GLD gold bars

With this new revelation that the SPDR Gold Trust began allocating gold bars at the Bank of England during the very same time as market maker liquidity broke in the London gold market, it seems that the liquidity problems of the LBMA bullion banks are both in physical gold and in paper gold. Which would make sense seeing that the giant London paper gold trading pyramid sits atop the tiny foundations of the London physical gold market.

Amid London gold turmoil, HSBC taps Bank of England for GLD gold bars