Its big news because folks like gold bugs have been sounding the alarm that there's a lot of fake metal circulating keeping metals artificially low (implying the West is far more broke than it seems)
Take it however you want, but the LME selling fake metal is a pretty big deal
Not much, and a good argument against gold bugs is "why gold"?
The problem for the West is that we've put all our eggs in the dollar basket. Our prosperity presume that the people with natural resources and the people that build things will continue to accept dollars because they don't have anything better to settle accounts with.
I'm not saying a dollar collapse is imminent, but perhaps we should have a backup (euro doesn't count. Its a joke)
In Canada, none. Sold off their gold reserves cuz we got more than enough in the ground (and speculating in the thing that everyone else speculates on is kinda dumb)
Take it however you want, but the LME selling fake metal is a pretty big deal