Things are getting spicy 
nostr:note1cetdwxyfpra0e9325lr0lumuekfcssklr7unnn37ch5kvzmdmdcsqptqg5
Discussion
Do you have any podcast appearances planned soon to discuss this? Would love to hear your live take in more detail.
Supply squeeze like..?
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No one need the gold, it’s useless and death.
The banks 🏦 only are gold holders big and they again manipulating market to lift the prices so they can sell the bags 💼 and get cash 💰 in expensive money environment.
They probably buy rather digital #bitcoin (gold 2.0) soon for this extra cash from dumped gold on plebs.
Would be interested to know more about what this means. Below is link to LBMA vault data with some market data/analysis.
https://www.lbma.org.uk/prices-and-data/london-vault-data
They seem to stress that they are on top of things as far as OTC demand goes but maybe the ETF demand isn't matched. Of note I've seen in a few places that physical gold seems to be heading to NY recently?
O fuk. That url link comes out with a WeChat qr link. Sorry. WTF they using WeChat for?
😬
So they’re effectively naked on these trades?
How is it legal to “sell” something you don’t have? Bank to bank I get it - they understand the risk and can make that decision if they want - but to pass that risk onto an unwitting 3rd party who is expecting to receive gold and is now in a position where they believe they own it but instead have nothing but an unbacked and unfulfillable IOU seems unscrupulous if not outright illegal.
What happens when those IOU holders come to claim their gold and there’s none to give them?
Where is that interview you did with Saylor? Can't find it
My gut instinct tells me this would cause a gold price cascade upward. As more banks notice a risk on paper gold, they will flock to obtain physical gold in order to meet their liabilities.
Even if central banks step in to sure up the market, it will signal inflation expectations to rise for the individual investors, further pushing the physical gold price higher; which increases the spread of price making it even harder for the these ‘paper gold’ clearing banks to meet their liabilities.
Like a good old fashioned bank run.
The only other thought here, is that governments could instead sell their gold reserves onto the market to try and stabilize the price. This would cause downward pressure initially.
However, allowing these Clearing Banks to buy directly from Central Banks send a negative signal to the market as gold has originally been seen as a hedge against inflation. This would only stabilize the price momentarily, but in the long-term would send signals that governments monetary systems are not secure and investors would flood to other assets like Bitcoin which has a truly fixed supply.
some scary shit eight there.
The gold bug take:
https://miningstockjournal.substack.com/p/what-is-driving-gold-and-silver-higher
Basically, the gold futures market is just another fractional reserve scam and it doesn't have enough reserves to meet delivery right now.
This is exciting. When will normies realize their money is increasingly worthless?