So the bank run for gold bullions has begun?
"They don't have your gold" 🍿
Discussion
Funny really. I think Costco probably has more gold in there possession than USA banks lol
Probably. German still thinks they have gold stored with the FED though last time they tried to audit the reserves they auditors were simply denied access lol. I think 6 months later Germany received "some gold" from the US but that came via France and, if I remember correctly, didn't bear the stamp of the Bundesbank. Aka, not our gold.
🤡 🤡
What’s happening?
People are moving their gold out of the UK (back to the US) out of fear of massive tariffs coming. Turns out that the bullion banks have to borrow the gold from the central bank. There is probably more to the full story (new gold ath, US tariffs, investor panic etc) but long story short, they don't have the gold just like the banks don't have the money.
Wow! Major 🍿 moment if true. Stack sats not grams 🤙
I love a good ole fashion gold run. Capital will always flow towards freedom.
There's a minimum of 4 weeks to get delivery of gold from the BoE.
It reminds me of the last time I withdrew €15k of cash from my bank. It took time for it to be found.
May I ask you in which country?
In Spain if you go to your bank to withdraw 15k € of your own money they will crack their asses.
It is basically illegal.
Ok so demand is up supply is down, gold prices go up.
Then US dumps gold for BTC and pulls the biggest rug pull by pumping the gold price then dumping for btc.
This is straight outta Saylor’s mouth minus the pump the gold price part but that would be smart to pump the price before you liquidate.
Biggest rug pull in history.
Had to read more about - sure sounds like that's the case: