Why are U.S. banks flying gold from London to New York?
About 8,000 gold bars have been moved out of the Bank of England’s vaults in recent months
Deep under London’s Threadneedle Street lies an intricate network of tunnels holding the world’s second-largest depository of gold.
The Bank of England’s nine heavily fortified vaults hold hundreds of tonnes of the precious metal valued at more than £200 billion ($252 billion).
https://www.independent.co.uk/news/world/americas/us-politics/jpmorgan-gold-banks-trump-tariffs-london-new-york-b2698797.html