M. Lynch very good article! Awesome charts!. I'm thinking this all fits togeather and is exactly what it seems, every big player running to grab the last AU.
I'll bet "Mr. silver short" Larry Finks recent visit to UK also are part of the grand revaluation plan somehow, why not just pull the trigger on it all at once? You know these banksters are all figuring and refiguring how to avoid the Failure to Deliver guillotine if at all possible, even if it involves the Fed, the US government and a bunch of illicit back room deals.
If the Fed is behind this gold rush buying and bringing it back to NY, could a re stocking of Fort Knox gold be the reason? If Trump is serious about revaluing gold, the gold in Fort Knox would need to be audited. That hasn't been done since the 1950's and all attempts to audit Ft Knox since have been nixed by the Fed. Many have claimed the gold's not there or been loaned out with many laying claim.
Thanks David. We should give a nod to the great Alasdair Macleod also. He told us a week ago that tafiffs were not the uni cause. But I agree, Michael with his specific expertise should be able to pinpoint who is doing what. Thanks again
After the "Brown bottom" (pun intended) when Gordon Brown, then Chancellor of the Exchequer sold all of the UK's gold at the exact market bottom (that was such a feat it later earned him the job as Prime Minister), we now get the "Trump Tariffs".
When either the government or officials come out and make a statement blaming someone you know that that is not true. Trouble is no real, proper jouralist has the balls to call Bailey out. The only journalist in the UK who would, one Isabel Oakeshott, is probably not allowed near him. Anyway, he's only fooling himself if he thinks we bought it 🤡
Thanks. I read Lynch's article as well. Great stuff. I'm a bit new to precious metals but it seems like your premise that customer accounts are driving demand sounds logical but just leads to more questions...like why? Why are they demanding their metal? What is it they see or forsee that is driving this behavior? It reminds me of a good, old-fashioned run on the banks.
Would these 'Experts' suggest that the "Trump tariffs" were known for the last 4 years??
The price chart shows the price increasing steadily at 10%/year over that time...
I think the flow of gold from London is more a reflection of 'Counter Party Risk'; If the gold was not deliverable from a "Physical Market", then it would be practically worthless!
Soooo... if the Bullion Banks aren't buying big time currently, it gets pretty stinkin' interesting to ponder what we will be seeing when one by one they just might capitulate and begin to cover.
Feb. 14th would be kind of a classic time to gift those of you who have been patiently waiting. :)
I was listening to a theory that it's the US government that is the ultimate beneficiary big physical gold buyer. At one level that would fit with Bessent's "monetise government assets" comments via shifting gold off Treasury balance sheet to Fed at market (or revalued + market value). At another level it would be very destabiling for BOE and US bank shorts in paper market like JP Morgan. In Trump world I expect the unexpected, but I don't want to go down too many conspiracy rabbit holes. Any thoughts?
Yes, I have read that as well, that the buyer is the Fed, the Dept. of the Treasury, or proxies of them. In the past they sold or leased all or most of their gold either to keep the price down or for huge personal enrichment of people such as Robert Rubin and the Clintons. But the day of reckoning is fast approaching and the vaporization theory of gold which was so popular when the Twin Towers gold vast tonnage disappeared has lost popular acceptance.
I know I've arrived when David Jensen links to my stuff! Thanks David.
Both of you are gracious to one another. Rare to behold in this day and age. Kudos !
A nice plug for Michael Lynch from a classy professional who really works hard to give us the facts. Thank you and appreciate your modesty.
I wish you well David.
M. Lynch very good article! Awesome charts!. I'm thinking this all fits togeather and is exactly what it seems, every big player running to grab the last AU.
I'll bet "Mr. silver short" Larry Finks recent visit to UK also are part of the grand revaluation plan somehow, why not just pull the trigger on it all at once? You know these banksters are all figuring and refiguring how to avoid the Failure to Deliver guillotine if at all possible, even if it involves the Fed, the US government and a bunch of illicit back room deals.
Good GATA article reinforces its just what it seems, a shortage of metal https://www.gata.org/node/23600
If the Fed is behind this gold rush buying and bringing it back to NY, could a re stocking of Fort Knox gold be the reason? If Trump is serious about revaluing gold, the gold in Fort Knox would need to be audited. That hasn't been done since the 1950's and all attempts to audit Ft Knox since have been nixed by the Fed. Many have claimed the gold's not there or been loaned out with many laying claim.
Thanks David. We should give a nod to the great Alasdair Macleod also. He told us a week ago that tafiffs were not the uni cause. But I agree, Michael with his specific expertise should be able to pinpoint who is doing what. Thanks again
Silver rigging (married to gold shenanigans) has been employed for 170 years, but it’s all Trump…
https://www.amazon.com/Baron-Trump-Collection-Adventures-Underground/dp/1789870003
Not a bad Reservoir/Production Engineer as I well remember 🤣👍
Mike Lynch's analysis was there last week. Follow his Substack ✓
After the "Brown bottom" (pun intended) when Gordon Brown, then Chancellor of the Exchequer sold all of the UK's gold at the exact market bottom (that was such a feat it later earned him the job as Prime Minister), we now get the "Trump Tariffs".
There really is nothing new under the sun.
When either the government or officials come out and make a statement blaming someone you know that that is not true. Trouble is no real, proper jouralist has the balls to call Bailey out. The only journalist in the UK who would, one Isabel Oakeshott, is probably not allowed near him. Anyway, he's only fooling himself if he thinks we bought it 🤡
Thanks. I read Lynch's article as well. Great stuff. I'm a bit new to precious metals but it seems like your premise that customer accounts are driving demand sounds logical but just leads to more questions...like why? Why are they demanding their metal? What is it they see or forsee that is driving this behavior? It reminds me of a good, old-fashioned run on the banks.
Would these 'Experts' suggest that the "Trump tariffs" were known for the last 4 years??
The price chart shows the price increasing steadily at 10%/year over that time...
I think the flow of gold from London is more a reflection of 'Counter Party Risk'; If the gold was not deliverable from a "Physical Market", then it would be practically worthless!
Soooo... if the Bullion Banks aren't buying big time currently, it gets pretty stinkin' interesting to ponder what we will be seeing when one by one they just might capitulate and begin to cover.
Feb. 14th would be kind of a classic time to gift those of you who have been patiently waiting. :)
I was listening to a theory that it's the US government that is the ultimate beneficiary big physical gold buyer. At one level that would fit with Bessent's "monetise government assets" comments via shifting gold off Treasury balance sheet to Fed at market (or revalued + market value). At another level it would be very destabiling for BOE and US bank shorts in paper market like JP Morgan. In Trump world I expect the unexpected, but I don't want to go down too many conspiracy rabbit holes. Any thoughts?
Yes, I have read that as well, that the buyer is the Fed, the Dept. of the Treasury, or proxies of them. In the past they sold or leased all or most of their gold either to keep the price down or for huge personal enrichment of people such as Robert Rubin and the Clintons. But the day of reckoning is fast approaching and the vaporization theory of gold which was so popular when the Twin Towers gold vast tonnage disappeared has lost popular acceptance.
The gold was moved out during the production of Die Hard 3.
Fort Knox gold would need to be audited first.
I would suspect that the most of the gold sent from the LBMA to the USA in the last few weeks is already sitting in Fort Knox.