gold news

 gold derivatives may become the epicenter of the next financial crisis the next great crisis in such an event demand for physical gold would spike further as would prices and the global precious metals emergency continues from Doug Casey's International man did you know someone in the US recently took possession of approximately 30 million ounces of physical gold equal to over 11% of the US government's reported gold reserves no I I I didn't and uh 30 million ounces is quite uh some a large sum that is

just under 90 billion dollars so is it possible that it's not someone but something such as a uh a large bullion bank with the initials JPM or somebody like that but 11 % of the US gold reserves that is really something make gold great again says top Singaporean bullion dealer says three of its major suppliers have now stopped taking orders for 1 kilogram gold bars it just won't stop another 331,000 o ounces delivered to the Cox vaults uh Ron Paul Rand Paul is requesting an audit of Fort Knox and I

wish wish they would stop saying Fort Knox they need to start saying US Gold period we want to know we want all the gold audited simultaneously and we want bar numbers purities weights uh Hallmarks and title who owns that bar that is the important part uh GLD is the bullan bank's physical gold piggy bank while retail investors are putting gold bars in to into GLD bullan banks are borrowing GLD shares and taking those gold bars out it reminds me of that Bugs Bunny cartoon uh if somebody could put in the notes which

Bugs Bunny cartoon because I am a Bugs Bunny of fishing AO actually but when you buy shares of GLD for every 10,000 shares they purchase a basket of gold it's called a basket is 10,000 o it's not 10 it it isn't a 1:1 ratio anymore because uh GLD leaks uh and so the the price of the shares doesn't equal the price of the but anyway to redeem those uh you have to uh buy if you want bars out of GLD you have to buy 10,000 ounces that is a basket and when you buy that 10,000 ounz at $3,000 an ounce you're talking about $30

million so anybody that doesn't have $30 million to Pony up to the table and take delivery of their real bars has to just settle in cash uh GLD does not have to have all the gold required to back it up so the the bullan banks that are in trouble can always go to GLD and uh and borrow a bunch of and when they borrow they're borrowing it they're not so your broker your broker if you've got a margin enabled trading account you've made an agreement where they can go in and borrow uh your shares and so they

can borrow shares and redeem uh those uh 10,000 ounces at a time and so it it's part of the way that the uh public is bailing out the bullion Banks uh this great article in The Epic Times uh gold expected to shine in 2025 ends with some gold industry observers have argued that there is evidence that a handful of large banks that issue most of the gold derivatives contracts derivatives Futures uh forwards leases from central banks that's a derivative GLD SLV those are derivatives so how that these bully

large banks have acted in concert to manipulate the price of gold an illegal price pricing cartel among the banks would not be unprecedented uh the public discovered similar practices in the mortgage back Securities fraud leading up to the global financial crisis and in the manipulation of liore the interest rate at which banks lend to one another uncovered a few years later uh now you remember things like mortgage back Securities nbs's collateralized debt obligations cdos those are derivatives the recent

sharp rise in gold prices may put pressure on these Banks and lead to instability in any price fixing Arrangement uh if the cartel unwinds it could come quickly and violently do you remember the day you woke up it was a Monday and Leman Brothers had gone under and they were not going to bail them out uh there would be winners and losers and potential contagion into other markets in other words the gold derivatives may become the epicenter of the next financial crisis the next great crisis in such an event demand for physical

gold would spike further as would prices no Sherlock so James Anderson asks so where did all the Swiss to USA gold flow from uh in January the Swiss gold exports so they're exporting to the United States was 193.5 tons well where it came from is the rest of the world sort of shut off uh actually the rest of the world still had demand but the Swiss gold uh refineries weren't selling to them they were only selling to the United United States look at this China 0.2 tons the US 193.5 now we are going to dig into this

a lot deeper in in a moment but I want you to remember China 0.2 tons remember that I'm going to dig into it got a couple of things we got to clear up first this is the world gold gold Council Global mine production for gold here's the map China by far the world's largest gold producer followed by Russia Australia Canada and down here the United States the the China produces two and a3d times more gold than the United States reme remember that largest gold producer in the world China

secretly buys a large amount of gold Goldman Sachs 10 times more than official reports so this is Swiss gold Imports in other words it's the people they are are buying from these bars are the people that are selling to the Swiss refineries and what you see is the United Arab Emirates and the United States and that's January of 23 February the United States Russia Canada March United States Russia Canada April uh UAE and the United States uh May the United States June the United States July the United States

August the United States September the United States October oh September is double counted here so now these buttons get out of sync these links uh October uh Nick you're gonna have to fix that someday uh sorry to put some extra work on you October United States December United States now we go down to to uh I'm sorry that was November United States December UAE United Arab Emirates febru January United States February United States March United States in the UAE April the United States in the UAE May

the UAE June the United States July the UAE August the UAE in the United States September the UAE November now uh UAE and I'm sorry that was October and November uh the United Kingdom so they're pulling a lot out of uh the UK now we're going to go over to where they're exporting to Swiss gold exports and so uh we go back to January of 23 and it's going mostly to Turkey there now what I want you to look at from now on this bar of China conspicuously present on the absent on the supplying

Swiss refineries very present when it comes to taking from the Swiss refineries buying from them so I want you to pay attention to this bar and the United States here the United States was the major supplier and now China is going to be the major consumer from the Swiss refineries uh but so that was uh February of 23 uh March China April China a little bit of the United States uh May China China in this case turkey China and India India has a wedding season uh and so uh annually they need a lot of gold

China China India India China China China China now take a look at this here's China at at 69 tons the us at 0.5 China is taking this that month China took 138 times more gold from Switzerland than the United States that's March uh April is very very similar uh May China China China India India the UK now needing gold in October November of last year the UK there's a you know crisis is starting and then uh or that was October uh and then November India again now that button was for December it gives me November data what

happened to December well I've got those because Nick lared emails them to me uh 642 tons and China dropped down to just four tons so China shutting off their purchases or being refused by the Swiss uh refineries so that the US could get supplied and then December 193. 4 tons going into uh the US China at 0.2 210 of one ton into China where did all this gold come from it came from the rest of the world not getting any in all the world's gold that's coming through the Swiss refineries going to the United

States only now what would happen in China if suddenly there wasn't any gold on the exchanges you know the Shanghai exchange is instant delivery it's delivery the same day it's a cash Market basically uh and so if they couldn't deliver gold there would be a panic and the price of gold would spike worldwide uh if the shops that sell gold around China ran out of gold there would be a a giant spike in the price and it it would set off a worldwide Panic so what is happening here the world's

largest gold producer and the world's largest gold importer that's just gobbling up most of the world's gold has gigantic reserves of gold that they're not telling us about and they are probably now supplying this is my theory that they are probably now supplying the exchange and uh keeping uh the all of the gold shops uh with inventory and so on they're supplying the raw gold that all of the refiners and jewelry makers and everybody else uses so that there isn't a panic why would China do this so

that the price of gold remains low they do not want gold up at $10,000 an ounce or even higher because of what it would cost they're trying to accumulate uh enough gold to be on you know when there's a monetary reset which everybody seems to be getting ready for uh then they want to be on some sort of Level Playing Field at parody with the United States they don't want the unit he who owns the gold makes the rules so uh this is Swiss gold exports for the entire year 2024 remember uh 642 tons uh came

from just December so it was only 37 tons to the United States and 350 or 36 I mean and 3548 8 so basically until December it was running almost 10 to1 there and then let's take a look at UK Imports where did the UK get its gold it got it from Canada the US and Switzerland uh let's look at UK exports for 2024 China and Switzerland and we know that more than half of the Swiss gold goes to China and so the UK is selling it to Switzerland you can cut off a little more than half this bar and

stack it on top of that bar and it's right off the top of the charts that's where it's going look at how much went from the UK in 2024 to the US uh then we've got 25 years of data here 1999 to 2024 and and China really didn't start buying until I mean they weren't a big buyer back in like 199 9 but you still have to take this Hong Kong bar stack it on top of the China bar and then take half of that Switzerland bar so this bar is only up to like here and pile it on top of this one so

basically uh the a bar almost This Tall would be China uh so it's China shutting off their demand or the Swiss refineries refusing them that's where all of that came from but there's even more now uh this is also from Nick L at gold charts R Us comx warehouse gold deliveries and this is the covid Panic the spike up to 5.5 million ounces we're now up at 7.36 million ounces last week however I much prefer the way Nick has expressed the same data but in dollar value here we have about 9.7

9.8 uh billion dollar uh was the highest peak the highest week during the covid panic and now we're at 21 b617 million worth of gold delivered off of the comx last week now this was like a dress rehearsal for this we went from uh these averages down here to this sudden giant spike in comx deliveries so what is happening right now well I did a lot of research on that and it's a it's free you can uh download this chapter you go to G gsr2 docomo to chapter nine and click that and here it is it's only three and a

half pages long please read it download it if you want email it to to anyone you want it's free so the Big Value though I believe is silver where there was uh 21 billion taken delivery of off of the comx there was last week there was only 723 million and that is because the silver market is so incredibly small now bald guy money says don't forget how precious gold and silver are uh this is the estimated amount of gold and silver per person and the data comes from the Royal Mint uh paper is paper they're

called precious metals for a reason there are 8.1 billion people in the world right now there's 3.1 troy ounces of silver per person 1.2 troy ounces of gold per person that uh works out to 2.5 troy ounces of silver for every 1 o of gold in other words the physical quantity uh gold silver ratio is at 2.5 where the price gold silver ratio the price of the gold silver ratio silver is currently selling at 190th of gold's price but it's only 2.5 times more abundant and the gold silver ratio as far as the price is is at 90

this will get resolved someday in the future but for now who do you think is winning this is currency Wars It's a real old meme that was around like 10 years ago or 15 years ago I want to thank you for watching we'll see you next time