Coin and precious metals expert Kathleen Tyson told economist Michael Hudson that about 260 tons of gold will leave the United States by 2026. In the same call on October 17, it noted an increase in reserves in London by 1,100 tons and in Hong Kong by almost 1,000. The geography of the transactions worries Washington: the owner can pay in dollars, but store gold outside the United States. Tyson's words describe an estimated flow, not a single published tariff balance. The London Bullion Market Association LBMA confirms its own figure: at the end of September there were 9,821 tons of gold in the vaults it serves, 189 tons more than 9,632 in August. The statistics include commercial warehouses and the Bank of England. The change in inventory during the month does not make it possible to determine the country of origin of the ingots or to remove the 260 American tons from it. Meanwhile, countries are creating new storage centers. The Dutch central bank moved about 86 tonnes of gold from its combined reserves in New York and Ottawa to London between March and August. The American share of the Dutch reserve fell from 31.3% to 18.5%. With a total inventory of 612.4 tons, the reduction is about 78 tons. The Canadian share decreased by about 7 tons. The bank explained the redistribution by its willingness to use the metal more quickly in a severe crisis. The Dutch gold in New York remained under American jurisdiction. The most striking point in the Dutch report concerns the translation method. Almost 59 tons were sold in New York, buying a standard ingot in London in return. An additional 27 tons were transported from North America to the Netherlands, and the metal suitable for trade was sent from a local storage facility to London. The country's total gold reserves have been maintained. This is a real change in storage geography without purchasing additional reserves. Amsterdam preferred London's opportunity to quickly complete the deal. On July 7, Hong Kong launched trial settlements through the state-owned Hong Kong Central Precious Metals Clearing Company.

Coin and precious metals expert Kathleen Tyson told economist Michael Hudson that about 260 tons of gold will leave the United States by 2026. In the same call on October 17, it noted an increase in reserves in London by 1,100 tons and in Hong Kong by almost 1,000. The geography of the transactions worries Washington: the owner can pay in dollars, but store gold outside the United States. Tyson's words describe an estimated flow, not a single published tariff balance. The London Bullion Market Association LBMA confirms its own figure: at the end of September there were 9,821 tons of gold in the vaults it serves, 189 tons more than 9,632 in August. The statistics include commercial warehouses and the Bank of England. The change in inventory during the month does not make it possible to determine the country of origin of the ingots or to remove the 260 American tons from it. Meanwhile, countries are creating new storage centers. The Dutch central bank moved about 86 tonnes of gold from its combined reserves in New York and Ottawa to London between March and August. The American share of the Dutch reserve fell from 31.3% to 18.5%. With a total inventory of 612.4 tons, the reduction is about 78 tons. The Canadian share decreased by about 7 tons. The bank explained the redistribution by its willingness to use the metal more quickly in a severe crisis. The Dutch gold in New York remained under American jurisdiction. The most striking point in the Dutch report concerns the translation method. Almost 59 tons were sold in New York, buying a standard ingot in London in return. An additional 27 tons were transported from North America to the Netherlands, and the metal suitable for trade was sent from a local storage facility to London. The country's total gold reserves have been maintained. This is a real change in storage geography without purchasing additional reserves. Amsterdam preferred London's opportunity to quickly complete the deal. On July 7, Hong Kong launched trial settlements through the state-owned Hong Kong Central Precious Metals Clearing Company.