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Non-Tech : The Woodshed

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To: bull_dozer who wrote (60780)8/29/2024 12:57:51 AM
From: bull_dozer3 Recommendations

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Moving Toward Failure - London Gold And Silver Data Point Toward The End of London's Metal Price Setting Rig

The price-setting system of selling promissory notes, that do not require specific vaulted bars allocated to buyers, in the world’s largest gold and silver cash/spot immediate ownership market in London can only continue as long as the holders of those promissory notes are content with paper and do not ask for bar delivery.

The currency printers at the UK’s central bank, the Bank of England, have run this price setting scheme since 1987 and current data and indicators are showing market supply stress in both the gold and silver markets.

As the demand for metal delivery grows, the immense leverage of claims for metal vs actual vaulted available metal translates to the London market moving toward a sudden failure of its price setting / price control scheme through default by the issuers of these promissory gold and silver cash/spot claims.


https://jensendavid.substack.com/p/moving-toward-failure-london-gold
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