13 Comments
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Gavin's avatar

Another excellent article.

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EO 9066's avatar

Great article. Thank you.

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nymusicdaily's avatar

big gold strike in uganda just in time https://gsiexchange.com/12-8-trillion-in-gold-deposits-discovered-in-uganda/

wonder what the deathvaxx uptake is there

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2nd Smartest Guy in the World's avatar

low deathvax, but good luck getting that all out of the ground, assuming it's not all bs which it could be.

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nymusicdaily's avatar

true that. either way, a good excuse to send a gunboat or two

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Michael Myers's avatar

Okay. What about all the paper bullion that people “think” they own?? And then the derivatives? Or other schemes that led to the non existent paper gold used as the foundation for another scam? I’m making a connection to the 07-08 mortgage backed securities. Head hurts again.

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WH's avatar

There will be a massive market dislocation - I think that we can look at the recent LME nickel crisis to find out what the response will be like. In the nickel case, the HK/China owned LME bailed out their China whale and literally reversed the winning trades against holders such as Elliott.

Probably will be a similar response where the exchanges try to unwind catastrophic trades, but I doubt they will be successful as that would tear apart the legal/operational structure of the entire global markets. More likely, we will see a disorganized breakdown of the markets where physical gold ownership commands a premium, laws will be broken to confiscate any physical gold that countries can get their hands on, and more chaos and destruction.

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Michael Myers's avatar

Interesting..thank you!

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Michael Myers's avatar

Okay. Now describe the consequences? My head hurts.

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2nd Smartest Guy in the World's avatar

At some point price discovery happens and spot gold recouples with fundamentals and we see 10-20k/oz, and those moves will come quick once the paper scam is finally allowed to snap.

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LizE's avatar

So should people buy gold now?

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Bigs's avatar

No, buy gold yesterday

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Jul 9, 2022
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Charlotte's avatar

Please tell me that was a wide angle shot..

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