The LBMA Has a Stock-Out
"London's bullion market is under strain. A surge in gold shipments to the U.S. has left traders scrambling to borrow from central banks, with wait times at the Bank of England stretching from days to weeks. The gold supply chain, long considered reliable, is now exposed to cracks that weren’t apparent before."
https://www.zerohedge.com/news/2025-...y-chain-breaks
Are We Running Out of Gold? The Truth Behind London’s Supply Crisis—And How to Profit from It
"The withdrawal backlog at the Bank of England—one of the world's largest Gold custodians—has ballooned from just a few days to eight weeks.
None of this is normal.
For decades, London has served as the heart of the global Gold trade, managing liquidity for central banks, hedge funds, and institutional investors.
But if London is struggling to fulfill orders, it raises a critical question:
Is there actually enough physical Gold to meet global demand?"
https://goldtrader.substack.com/p/ar...utm_medium=web
Waiting for up to 8 weeks tells me they don't have it.