66bn Moved Out Of London | UK | News | Express.Co.Uk

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The report states the wait to withdraw bullion stored in the Bank of England's vaults has risen significantly from a few days to up to eight weeks, according to people familiar with the process.

One industry executive told the FT: "People can't get their hands on gold because so much has been shipped to New York, and the rest is stuck in the queue.

Since the US election in November, 393 metric tonnes have reportedly been moved into the vaults of the Comex commodity exchange in New York, driving its inventory levels up nearly 75% to 926 tonnes—the highest in more than two years.

"The only way to get out of this is to build your plant — if you want to stop paying taxes or tariffs, build here in America."

He said aluminium and copper could also be targeted. On Sunday, Colombia's President caved in and allowed US deportation flights to land just hours after the 47th President threatened huge tariffs .