ITM Trading, Released on 2/7/25

Why is gold rushing from London to NYC? London is facing a gold shortage after traders pulled out $82B in bullion from the vaults of the Bank of England and stockpiled them in New York amid fears that Donald Trump will slap fresh tariffs on the shiny commodity. “No one wants to import gold from Europe or Britain… if there’s a 10 or 20 or 30 percent tariff, no one’s going to do that,” warns Adrian Day in his interview with Daniela Cambone. While this shift may temporarily create premiums, Day stresses it won’t impact gold’s long-term demand or price, driven by factors like central bank buying, Chinese consumer demand, and a weakening U.S. dollar. Day also cautions that the U.S. stock market is in a “very dangerous situation” with “the worst breadth in its history.” Watch the video to hear his insights.

00:00 Gold moved from London to NYC
5:40 Drivers of gold rally
12:48 U.S. dollar
19:08 U.S. and Canada
22:55 Eliminating income tax
24:10 U.S. stock market

Adrian Day is the president of Adrian Day Asset Management. Mr. Day spent many years as a financial investment writer, where he gained a large following for his expertise in searching out unusual investment opportunities around the world. He has also authored two books on the subject of global investing: International Investment Opportunities: How and Where to Invest Overseas Successfully and Investing Without Borders. His latest book, widely praised by readers, is Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks (Wiley, 2010). Mr. Day is a recognized authority in both global and resource investing. He is frequently interviewed by the press, domestically and abroad. He is a popular speaker and frequently invited to lecture at financial conferences and seminars around the world. His pleasures include fine dining, reading (especially history), and the opera.

  Adrian Day, gold, gold shortage