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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (207832)	9/13/2024 4:29:55 PM
From: TobagoJack	Respond to of 219931

Re <<Russia Begins Paying China Traders In Hong Kong Using Couriered Gold>> … I understand that such deals are available, with such gold available at slight discount to spot given the need to re-melt to produce good-delivery bars for the local gold exchange. Seems gold found a use-case. Should any substantive portion Sino-Russo trade to be conducted using gold, then gold is too valuable relative to other currencies and under-appreciated, as it is at once universal in utility, beautiful to look at, warm to hold, and edible.

To: bull_dozer who wrote (207832)	9/15/2024 12:28:49 AM
From: bull_dozer	Read Replies (1) \| Respond to of 219931

>> >> THE FCKING FCKS >> may be soon going to get FCKED... royally...<G> A Look At London Silver Bullion Banks' Extinction Risk* Since the creation of the LBMA in 1987 with oversight by the Bank of England central bankers and coordination globally by the Bank for International Settlements, bullion banks have been free to sell cash/spot contracts for silver and gold bars into the London market diverting demand from physical metal markets. Gold and silver were converted in London, for a while, into virtual assets that could be created without limit in that market. Each spot contract is today only fractionally backed by metal bars with the rolling assumption that the majority of holders of these cash contracts would not ask for delivery in sufficient numbers to recognize that they were holding largely unbacked contracts. This has changed in the physical silver market with 2024 as the 6th consecutive year of global silver supply deficits and the worm has turned on the silver paper metal sellers in London. jensendavid.substack.com