Now, I’m going to dissect the pig to fully reveal the lie. I stated in that last article that the lie was the inflation number used to back inflation out of GDP ...
The “new economy” we’ll face as the 2020s unfold won’t just be a more intense version of the old one. It will be fundamentally different—profound, irreversible, and rapid evolution..
The London wholesaler exposes the speculators that will be left tricked with undeliverable short positions, waking up into what will likely be a bid-only market.
It’s remarkable to me how close we appear to be getting to near-universal recognition that silver and gold (along with a host of other commodities) are priced based upon the activities of a relative handful of large paper traders...
Whatever your views about China and its policies, the fact remains that their gold holdings serve as insulation from sanctions. This is because physical metal has zero counterparty risk. It does this job for everyone that owns it.
“… [D]ollars, yen, and euros will not always glitter in a storm, and they will never be mistaken for gold.” ‘The barbarous relic now flashing a red alert for dollar bulls’
Of course the BIS is the central bank of the central banks and the broker that long has provided camouflage for central bank interventions in the gold market.
The trophy stands at 36.5 cm tall with a weight of only 6.2 kg -- the roughly 4.2 kg of gold would place the metal value at US$235,000 at today’s price of gold.
