Paper derivatives market is being destroyed as we speak.

Paper:gold is ~128:1

I bet the Bank of England wont make it to EOY.

Ask chatgbt (or whatever ai you like) what the value of gold would be if COMEX stopped trading altogether.

Interesting times.

Physical gold deliveries have been T+2 as long as I’ve been alive. All of a sudden, there’s rumor of an actual audit…. suddenly T+62?

Weird huh?

It’s actually been closer to T+90 if complaints from COMEX customers are to be believed.