I have trouble reconciling some numbers: Does the LBMA have physical possession of 5% of the entire global gold stock? (11,000 tonnes or 280,000,000 oz.)????
That does not compute in an environment which is so fragile and corrupt.
Thanks David; I really always had the impression that LBMA had its own vaults.
I'm really amazed that there is still such trust in the British government and the BOE? But then, it might not be trust? Australia and Venezuela do seem to have trouble getting their gold out of that vault...
For such a fringe commodity, gold seems to have an enormous capacity to ruin people's morals/
Thanks. I had misunderstood that. A classic "Shell Game", which pocket is the gold in now? I would guess it is not better than a fraud. Is there any info on the aggregate holdings in the BOE?
It actually seems like the time may be upon us when the world will see the actual amount of gold, and then silver, is truly available to buy the physical. Sat. is Feb.1st so unless Trump exempts gold and silver from the 25 % tariff, this should continue. But even if he exempts them, it seems to cat is now out of the bag with the technical default at LBMA. Was really hoping you would post David as Twitter (X) has been buzzing with this topic. Look forward to updates from you. I post it on X.
David, one of the best articles I have read in a long time. Thank you. Andrew Bailey trying to dismiss the importance of the current situation is quite cring worthy.
David - I don't know how many videos i have seen recently come up on my feed from youtube bloggers and supposed economic experts repeating what you have been saying about the drain on vaults after your recent interview and writing on this site, who are now making out they are breaking this evolving story first and are subject matter experts.
The least they could do is acknowledge you or thank you especially when they are making money off such content.
Agree to an extent, but they should have some morals and ethics when they stealing your material and financially benefitting. Stay off x, facebook, instagram they are a cesspool of narcissism and ego needing attention and noise.
I have learnt that we human's cannot handle the speed of communication today and the sheer volume of noise and news coming our way is too much. Throughout history the method and speed of communication is one of the key factors for society changes and it makes sense, from verbal form to print to email to txt etc. How could things not change when it speeds up and information get spread much wider and quicker.
We have lost the art of talking and communicating now, people just send sloppy texts now to communicate with no heart or soul compared with the written word where people took real time and thought to send something.
Morals? Ethics? Surrounding precious metals and YouTube bobbleheads? The bottom line is you get what you pay for and we pay for David's research and ongoing narrative which is fantastic. YouTube and all that stuff those guys are basically shooting in the dark.
I will point out that I don't believe gold and silver or any other Commodities were ever the subject of Trump's tariffs, his intent was to protect American Manufacturing.
So the whole BS story from the lame stream media now is just that, BS this is whole situation with the price of PMs and everything else going on right now is a technical default Etc is all Decades of corruption and fraud as David has so elaborately pieced together and continued to inform us about.
Is it to protect manufacturing or to protect America and ensure the transition after the collapse leave's America strong.
Go and watch any Scott Bessent interview, he is a foreign exchange expert and knows the ins and out of financial warfare, he was instrumental in collapsing the British pound in 1992 (Black Wed), the 1997 Asian Financial Crisis and the Japanese yen crisis in 2013.
Shortage of physical gold and silver in London is not very complicated. The leverage and ultimate insolvency of the London market is in play and that is very clear.
Hi David thanks. I think there is a misunderstanding about the Trump tariff which are about the manufacturing products not the COMMODITIES, so if this is correct what is the reasons to request for the phisical delivery from BOE? Any thoughts? Thanks!!
i am holding shares of a mining exploration company in canada, bought almost a million shares for pennies a year ago, I guess I'll retire in 2-3 years if they run the bank.
Good numbers & analysis David, Thanks…seems that the merry-go-round is rapidly slowing…
It is. Thank you DLD.
I have trouble reconciling some numbers: Does the LBMA have physical possession of 5% of the entire global gold stock? (11,000 tonnes or 280,000,000 oz.)????
That does not compute in an environment which is so fragile and corrupt.
The LBMA is a trade association. The LBMA is not an exchange and has possession of nothing.
London gold is both official sector gold held at the BoE with the remainder privately held in London vaults.
Thanks David; I really always had the impression that LBMA had its own vaults.
I'm really amazed that there is still such trust in the British government and the BOE? But then, it might not be trust? Australia and Venezuela do seem to have trouble getting their gold out of that vault...
For such a fringe commodity, gold seems to have an enormous capacity to ruin people's morals/
Thanks. I had misunderstood that. A classic "Shell Game", which pocket is the gold in now? I would guess it is not better than a fraud. Is there any info on the aggregate holdings in the BOE?
I sincerely hope the day of unravelling is here.
When it happens, decades of price suppression will end, and reality will assert itself in the markets.
Can't wait!
Thank you for your analysis DJ.
My pleasure Jeremy. The rigged metals market has gone on for way longer than I could ever have predicted. Way longer.
Nice to see Andrew "You will all have to get used to being poorer" Bailey getting his skiddy pants pulled down.
So what is a cash gold market where you can't get gold?
Totally normal says Bailey.
🤡🤡🤡🤡
Fantastic David 🙏🏻
Thanks!
Super work—thanks so much David. 👍
Cheers Stephen.
It actually seems like the time may be upon us when the world will see the actual amount of gold, and then silver, is truly available to buy the physical. Sat. is Feb.1st so unless Trump exempts gold and silver from the 25 % tariff, this should continue. But even if he exempts them, it seems to cat is now out of the bag with the technical default at LBMA. Was really hoping you would post David as Twitter (X) has been buzzing with this topic. Look forward to updates from you. I post it on X.
Many thanks Kevin.
It’ssssss gone….
Great article. Saw maneco64 on utube mention this earlier. Enjoyed your video you did with him.
Thanks, great development
Read Scott Bessent's largest holding is gold. Curious to see if that will affect policy in any way along with Don Jr. involvement with Birch Gold.
IMO gold and silver markets about to get very kinetic.
Cash and futures price action appear subdued but are paper markets.
Times changing quickly.
„Borrow custodial gold“. Whose gold are they running out of?
If you don’t hold it, you don’t own it.
Only thing happening is that someone getting paper I/o physical delivered. That would be you, my retail ETF friend.
David, one of the best articles I have read in a long time. Thank you. Andrew Bailey trying to dismiss the importance of the current situation is quite cring worthy.
David - I don't know how many videos i have seen recently come up on my feed from youtube bloggers and supposed economic experts repeating what you have been saying about the drain on vaults after your recent interview and writing on this site, who are now making out they are breaking this evolving story first and are subject matter experts.
The least they could do is acknowledge you or thank you especially when they are making money off such content.
As long as the word gets out Oz. Not much I can do about it. ;)
In the end, they are in the battle on the right side, so it helps.
Agree to an extent, but they should have some morals and ethics when they stealing your material and financially benefitting. Stay off x, facebook, instagram they are a cesspool of narcissism and ego needing attention and noise.
I was kicked off of Twitter and Facebook - so that won't be tough, LOL.
Been a long grind in the shadows getting information out.
Thanks for your compliment - much appreciated.
Best thing that could have happened to you in my opinion, i have never been on any of those platforms and wear it proudly.
Familiarity breeds contempt both personally and professionally.
Digital media is a good tool for certain things but is terrible tool for most things and more important your wellbeing and happiness.
Agreed.
Everything is about to get very local and personal.
What matters is the people in your community.
I have learnt that we human's cannot handle the speed of communication today and the sheer volume of noise and news coming our way is too much. Throughout history the method and speed of communication is one of the key factors for society changes and it makes sense, from verbal form to print to email to txt etc. How could things not change when it speeds up and information get spread much wider and quicker.
We have lost the art of talking and communicating now, people just send sloppy texts now to communicate with no heart or soul compared with the written word where people took real time and thought to send something.
Congratulations about getting kicked off, wear that badge of honor proudly.
, I'm surprised Elon would do that to you, did you ping him and tell him what's going on maybe he would chat with you, lol?
but then again there's no sense in any of it
I applied to Twitter to get re-instated after Musk took over.
The response was NO and not appealable.
Morals? Ethics? Surrounding precious metals and YouTube bobbleheads? The bottom line is you get what you pay for and we pay for David's research and ongoing narrative which is fantastic. YouTube and all that stuff those guys are basically shooting in the dark.
I will point out that I don't believe gold and silver or any other Commodities were ever the subject of Trump's tariffs, his intent was to protect American Manufacturing.
So the whole BS story from the lame stream media now is just that, BS this is whole situation with the price of PMs and everything else going on right now is a technical default Etc is all Decades of corruption and fraud as David has so elaborately pieced together and continued to inform us about.
Great work David!
Thank you for that Curt.
I think the whole Trump tariff story is a canard - the London draw-down has been going on since 2022 and has now hit the critical level.
Despite the LBMA saying there are 280M oz. in London vaults.
The key is liquidity and there is very little liquidity in London gold/silver right now.
Oh I don't know there might be that amount of gold in the vaults David, the problem is each oz belongs to seven different people, lol!
Is it to protect manufacturing or to protect America and ensure the transition after the collapse leave's America strong.
Go and watch any Scott Bessent interview, he is a foreign exchange expert and knows the ins and out of financial warfare, he was instrumental in collapsing the British pound in 1992 (Black Wed), the 1997 Asian Financial Crisis and the Japanese yen crisis in 2013.
https://open.substack.com/pub/econanalytics/p/the-february-gold-contract-blows
Hi David good day, from Rafi Farber it seems like this situation is not very clear, you can check his last video on YouTube do you have any thoughts?
Shortage of physical gold and silver in London is not very complicated. The leverage and ultimate insolvency of the London market is in play and that is very clear.
Everything else is background noise.
Agreed
If you can forward a link that would be great. Interested in any insight into London metal shortage.
Hi David here is the link https://youtu.be/bKaUKbJ1fOk?si=1A7fNf4YBsb0c0rR
He says something is going on but he does not know what it is.
Hi David thanks. I think there is a misunderstanding about the Trump tariff which are about the manufacturing products not the COMMODITIES, so if this is correct what is the reasons to request for the phisical delivery from BOE? Any thoughts? Thanks!!
i am holding shares of a mining exploration company in canada, bought almost a million shares for pennies a year ago, I guess I'll retire in 2-3 years if they run the bank.
There seem to be a glitch in the calculations?
I hope the tariffs take place it may be the only way this gets unravelled.
It is unravelling IMO - then no going back.
An understatement!! Thanks you were early