For gold, we can take the analysis further: as the BoE also publishes gold
vault holdings data separately, we are able to split out — at least in aggregate — what is held in other vaults.
Not exact matches
A marginal benefit of this link between
vault holdings and trade flows is that there is a shorter lag in trade
data reporting.
Combining Swiss and UK trade
data with London
vault holdings allows for a more complete picture.
The
data published today represents aggregated
data collected from the Bank of England (BoE) and seven other custodians that offer
vaulting services, and covers end - period
holdings of gold and silver from July 2016 to March 2017.