China’s Largest Bank Is Mystery Buyer Of Massive 1,500 Ton Gold Vault In London

• Now, why would China’s largest bank buy a massive gold vault in London? Why not build one in China? IMO, it is for the implementation of the Gold Trade Settlement system and the return to gold backed currencies. They need gold vaults in all major financial centres of the world to implement this. Note: the Chinese have also bought JP Morgan’s massive gold vault in New York. See: The Big Reset: Why China Bought JPMorgan’s Gold Vault.
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• China’s Largest Bank Is Mystery Buyer Of Massive 1,500 Ton Gold Vault In London
  by Tyler Durden, www.zerohedge.com  
  Back in June 2013, when Deutsche Bank opened a gold vault in Singapore which could hold up to 200 metric tons, the German bank was euphoric about the prospects for storing physical gold: “Gold has traditionally been stored in London, Zurich and New York, but there is a serious shift in dynamics going on as the global financial crisis continues to evolve,” Mark Smallwood, Deutsche Asset & Wealth Management’s head of wealth planning in the Asia-Pacific region, told The Wall Street Journal. 
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  Mark was correct and thanks to the ongoing decline in gold prices, Chinese and Indian demand for the metal, the physical metal that is, not its various paper manifestations, has risen to record levels. Alas, one thing Mark did not know is that in early 2014, a German regulator would reveal that “precious metals manipulation was worse than the Libor scandal” and as a result the largest German bank (and largest bank in the world by notional derivative exposure) – which has been probed and found guilty for rigging virtually every market, including gold – would quietly liquidate its entire physical precious metals trading group. 
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  Which meant that Deutsche Bank’s Singapore gold vaul, was about to be sold. But while the sale of DB’s Singapore gold vault was to be expected with China’s ravenous apetite for warehousing physical gold around the Pacific Rim, what may have escape popular attention is that Deutsche Bank’s even more massive, and even newer, gold vault in London was also “on the block” as of December 2014 when we reported that Deutsche Bank is “open to offers for its London-based gold vault following the closure of its physical precious metals business.” As Reuters noted: “If the right offer came along, then the bank would sell the London vault,” one source close to the situation said. 
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  Most curiously, the bank’s London gold vault only became operational in June of 2014, more than two years after launching the project. It can store some 1,500 tonnes of gold and was built and managed by British security services company G4S.
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