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.

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95% of gold is paper, its not hidden. I can't believe this is a surprise for some??? I can't wait to see our BoE get fucked. It could bring the whole house of cards down. Gold price should be at least $20k but maybe $0. Isold mine for btc 4 years ago.

if 'spot' equals T+60/90, wonder what the actual spot price is

let the bullshit unravel, let's get it over with