From Mineweb:
Speaking at the FT Silver conference in London yesterday, lead-off speaker John Levin, HSBC Bank's Managing Director, Global Metals and Trading (HSBC is one of the world's top precious metals traders and its vaults in the U.S. and Europe hold huge amounts of gold and silver bullion) recounted conversations with some of the U.S.'s top asset managers controlling huge amounts of capital asking if HSBC had the capacity in its vaults to store major gold purchases.
On being told that the bank's U.S. vaults had sufficient space available he was told that they did not want their gold stored in the U.S.A. but preferably in...
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