10.45% Borrow Cost For GLD Exchange Traded Fund Shares - A 7% Intraday Surge
The cost to borrow shares of SPDR® Gold Trust ‘GLD’-NY have increased 7% intraday to 10.45% on February 18, 2025.
‘Authorized participants’, traditionally large banks, have the ability to redeem 100,000 share ‘baskets’ of GLD Exchange Traded Fund (ETF) shares at a time and take delivery of ~ 10,000 oz. of gold.
Figure 1 - SPDR® Gold Trust ETF Shares Borrow Rate - NY; source: ChartExchange.com
Possession of GLD shares thus allow banks a quick way to source physical gold liquidity when needed.
There is an increasingly strong and accelerating market demand for physical gold liquidity right now.
Best regards,
David Jensen
Thank you for these.
Kinda like the repo squeeze Q3 2019..and along came a planned virus. They must have atomised it. The jew-run media created the Dam Panic and the jew-run drug companies provided the rancid gloop and made Billions. 15 m dead people and counting.
The fed threw over $1 trillion at it to put the fire out, I had a Zerohedge article that specified this. Next day the link was broken. Taken down.