The same people who do it every time the market turns downward. The rich make money based on the velocity of the market, they don't care which direction its going.
Remember, insider trading is only a crime for us poors but a way of life for politicians and those who buy them.
Pretty much like any other order — trading dollars for gold, but unlike ordering a pair of shoes, the more people want to buy, the higher the price goes.
Sort of. More like online shopping for stocks, since the price fluctuates all the time, and I’m pretty sure they don’t actually deliver the gold to your house (you’re just on record somewhere official as being the owner).
yes but when a lot of American's want to own gold they actually physically move gold ingots from the vaults of other countries , like here in the UK , to bank vaults in the USA.
We the UK have sent a lot of gold into the USA since trump returned
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https://www.bullionvault.com/gold-news/gold-price-news/gold-china-trading-yuan-sge-050620251
Remember, insider trading is only a crime for us poors but a way of life for politicians and those who buy them.
We the UK have sent a lot of gold into the USA since trump returned
https://www.cnbc.com/2025/02/28/us-gold-demand-is-sucking-bullion-out-of-other-countries.html?msockid=36348864bdf561d71a9c9dedbccd603b