Gold , an investment tool known as a safe haven that maintains its value in the long term, continues to draw an upward trend at full speed. So much so that a very large amount of gold has been transferred to New York , the financial center of the USA , since December . In other words, more than 600 tons of gold has been moved to vaults in New York in the last 3 months. So why is gold flowing to New York? In fact, it is thought that the statements of US President Donald Trump have been effective in the US’s interest in gold reaching record levels in recent months. Trump’s plan to impose high customs tariffs on gold imports from Canada and Mexico has caused great movement in global markets. Banks, investors and traders in the USA have taken action to increase their gold stocks before the tariff applications come into effect.
According to data provided by the World Gold Council, more than 600 tons, or about 20 million ounces of gold , have been transported to the city’s vaults since December 2024. This development, which is of critical importance for global markets, has led to various speculations among investors and financial experts.
WHAT’S BEHIND THE SHIPMENT?
It is thought that the reason for this large-scale gold shipment from London , known as the center of the global gold market , is the new customs duties that the US plans to implement and international economic uncertainties. John Reade, the World Gold Council’s Asia and Europe market strategist, said in an interview with CNBC, ” This amount of gold is not normally kept in New York. However, such transfers are only carried out in extraordinary circumstances .” In other words, while the possibility of the US imposing new customs duties on some products from Canada and Mexico is thought to be directing investors to vaults in New York instead of London, it is estimated that precious metals such as gold and silver may also be affected by these taxes.
“Additional duties on imports from Canada and Mexico are causing major concern in the precious metals market. Investors are moving their gold to New York to secure their assets ,” said Nicky Shiels, Strategy Director at MKS Pamp Metals.
‘THE BRITISH-AMERICAN PARTNERSHIP IS CRACKING’
So what do these developments mean? Sworn-in Certified Public Accountant and Economist Muhammet Bayram , who said that a major paradigm and balance of power is changing in the world, said, “The Anglo-American partnership that we have known for years is cracking due to the weakening of the European Union countries and China becoming a major power. The European Union was based on the communities living in Europe acting with a common currency and common life purpose and becoming a power in the world. Countries that could not join the European Union wanted to emulate this union and aimed to benefit from the political, economic and social benefits that this community provided them. However, the appeal of the community disappeared when England made Brexit from the European Union. In fact, there were situations that developed against the European Union as time went by. With Trump coming to office again, we see that he is motivating the policies of the USA. In this context, America is not on any platform that is not in its own interest. And it saw that if it does not deal with its own economy and China, the United States, the most indebted country in the world economy, will eventually go bankrupt. “That’s why Trump has been promoting tariffs, protectionist policies and war-mongering since he took office.”
‘YOUR MONEY IS NOT SAFE UNLESS IT’S IN YOUR OWN POCKET’
“Let me be clear, no state or person in the world is safe if their money is not in their own pocket. World War III could break out at any moment, you could face sanctions at any moment and you could lose all your wealth,” said Economist Muhammet Bayram, “Countries keep precious metals and currencies that are valid all over the world in their central banks. In the Bretton Woods gold currency system, countries’ currencies are indexed to gold and even all currencies are indexed to the dollar. In other words, the equivalent and value of the American dollar is measured in gold. So why is gold measured according to the ounce currency? The precious metals and gold exchange headquartered in London are measured in the British currency, the ounce. Gold is priced and traded in ounces.
The gold that should have been in the Central Banks of many countries was parked in London, which they considered safe. However, with these recent developments, each country wants to put its gold in its own safe, that is, in its own pocket. For this reason, America and other countries are bringing the gold in London to their own central banks. It is not known whether it is due to Trump’s policies, who set out with the slogan ‘Make America Great Again’ in the USA, or due to a state policy, they have started to bring their gold to their own country. Because at this point, American interests have started to conflict with British interests. If America tries to continue British policies, China will have long surpassed the USA and will not be a state like the United States in the medium term,” he said.
HOW DID THIS SITUATION AFFECT THE MARKETS?
After this shipment, gold prices began to fluctuate. While central banks and investors around the world are increasing their interest in gold, which they see as a safe haven, it is a matter of curiosity whether New York will become a new gold storage center. Financial experts say that time will tell whether this movement is just a short-term measure or the beginning of a new gold strategy in the US.