I think someone got to Trump and told him this that this was happening and he came up with the ruse of calling it tariffs and all of the metal came back. When when Western banks short on COMX paper, which drives down the price, the Comx sets the price. They will on their books, they'll buy a a long contract in London so that their books are balanced. But when no one's ever standing for delivery, that's fine. And metal can go back and forth, and it always has. They've done this in coordinated


fashion. But I I there are there are people out there that believe that Trump believes that the European aristocrats and the Bank of England largely were um responsible for election interference, were responsible for the color revolution. This is Tom Wongo's theory and that they he's trying to get back at them by draining the LBMA, blowing it up in essence where these these European banks that will be on the hook for it. And it's not just bullion that these banks have, it's everything. And it


would blow them up. That's why we've been in backwardation for the last three weeks. It's now kind of normalized, but it seems to be happening again. All of a sudden, there was a bunch of metal that that fled into London to to to plug the hole. But how long can that last for? Because in London, they have, and this is how they do it, they sell paper. The banks that work on behalf of of the government uh have enough money to overwhelm all of the trades. And so they just and they know where all the the the


pain points are. They know where the options are. They know where the resistance levels are, the moving averages. So, they sell with unlimited amounts of paper until the the funds or the the longs capitulates and then they just swoop in, cover their shorts by driving the price down. And and in London, as an example, right now there are outstanding contracts that amount to about 2 billion ounces of deliverable contracts that could stand for delivery against a a um a float. Those are the bars backing it of about 150 million


ounces. They're trading 600 million ounces a day and they only have 150 million ounces of paper. No one ever stood for delivery ever, but now they are. And it started in in 2020, I started screaming about the ComX and the LBMA are being bled dry. I talked about how 40 countries brought their gold back from the Bank of England and the New York Fed, which forever gave them access to ComX and the LBMA. Everyone was repatriating and slowly slowly gobbling up. The reason people can't see this is


because we live in a society where instant gratification isn't fast enough. And I said this is something you cannot go like that. You'll blow up the whole system and and it will only hurt you whoever you is accumulating it. China, Russia, Saudi Arabia, India. And I've been screaming that forever, right? and and China the largest largest producer of gold in the world and second largest of silver is flying all around the world buying Dorain concentrate paying double what the west will and shipping it back


so no one knows how much they have and then they stand for delivery on the LBMA and comx quietly not too much don't rattle the bushes just keep siphoning it away because there is a delivery mechanism during my career for 35 years less than 1% of contracts stood for delivery now we're seeing some amounts Here's the key distinction. While banks and institutions may flood the market with paper contracts, they're not always moving the physical metal. In London, for instance, the number of registered


deliverable futures often vastly exceeds the amount of actual gold bars available. That imbalance means the system relies on rollovers and financial settlements, not real delivery. When you're short paper in a tight physical market, you're betting that others won't ask for the metal. But if more holders demand delivery, the whole structure starts to strain. That's when the scarcity becomes visible through backwardation, exposing just how fragile paper dominance in the precious metals


market truly is. >> Very shortly after that, week or two, he was gone. And they say it was natural causes whatever >> and maybe it was maybe it wasn't but what I am so this has been a game that has been played at the ultra high levels but for most of our lives Sarah these countries like China and India and Russia um less Saudi Arabia because of our alliance which is now fractured but all of these countries were not coordinated motivated sophisticated they were borderline quasi third world and


now they're the opposite. wealthy, sophisticated, motivated, coordinated, and they say, "Ah, we see what you've been doing with silver to to rule the world with your military-industrial complex and the copious amount of silver it takes to create and manufacture high-tech weaponry. We see what you've done with gold by suppressing it because you went on a 30-year run of of suppressed interest rates. And if you have really low interest rates, Gibson's paradox says gold should go to the moon.


It is the Canary in the gold mine." So, they stepped on both for different reasons. And if no one stands for delivery, if you just paper settle everything or roll the contracts over, use it as a casino as speculation or or accept money instead of the real thing, which everyone did. Great. The game goes on forever. When you build a system on paper promises, you can do that. That's Bernie Maidoff. And and what happens is is the first client for Bernie Maidoff says, "I need my $40 million back."


>> Okay, here you go. And then it starts to snowball. I need my back. I need my back. And then they see that it's becoming difficult to get the money back and it really start aha we got you. And so I think someone got to Trump and told him this that this was happening. And he came up with the ruse of calling it tariffs and all of the metal came back. See when when Western banks short on COMX paper which drives down the price, the Comx sets the price. They will on their books, they'll buy a a a long


contract in London so that their books are balanced. But when no one's ever standing for delivery, that's fine. And metal can go back and forth and it always has. They've done this in coordinated fashion. But I I there are there are people out there that believe that Trump believes that the European aristocrats and the Bank of England largely were um responsible for election interference, were responsible for the color revolution. This is Tom Wongo's theory. and that they he's trying to get


back at them by draining the LBMA, blowing it up in essence where I think these >> Yeah, go ahead. Finish your gun. >> The these European banks that will be on the hook for it. And it's not just bullion that these banks have, it's everything. And it would blow them up. >> Another quiet chapter is unfolding in this story. Major nations are steadily repatriating their gold, pulling reserves out of Western vaults and tightening the pool of available metal in the global system. Meanwhile,


emerging powers like China, India, Russia, and Saudi Arabia are building vast hordes of gold and silver, often moving shipments quietly beyond traditional reporting networks. This discreet accumulation is draining the supply that Western markets rely on for leasing and delivery. As the world pivots toward de-risking and mineral sovereignty, the long-standing assumptions behind the London and New York systems are being tested, raising the odds of deeper backwardation and a potential revaluation of real metal.


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