Incredible things are happening in the gold markets.
COMEX is rushing to take delivery of millions of ounces of gold from LBMA as the BoE gold certificates trade far below spot prices, indicating that the market doesn’t believe they have the gold.
This is a game of hot potato.
Who has the gold? 🤔 
Neat
The emperor has no clothes. Tik tok next block.
I’ve got a (very little) bit of it, but I’ll sell it to you for more sats.
London will fall
The price discount can also exist because people are not willing to wait for long delivery time, especially if they are worries about tariffs on gold.
Can there be tarifs on gold? Wouldn't it completely break the market? Have there even been tarifs on gold?
not me, that's for certain.
The banking paper games are starting to unravel. You love to see it!
China
Ruh rho!
