It’s all a bunch of excuses for underperformance. Completely looking for narrative coverage - Assauge the masses they’ll never know the truth of what’s taking place deep down in the vaults below. Take this pallet of gold to this lair as soon as the owners leave move the Au to another holders vault. We can do musical chairs and call it logistics and moving ( chairs) issues- Yeah sure I’m believing it (NOT)
It’s really that simple yes. I watched the recording, and it was pathetic. Pathetic in the sense that they brought the usual talking heads to talk bullshit, and surrounded them with a couple old-school experts, someone like myself let’s say. But they gave the expert scripts. They weren’t allowed to speak their mind.
Exactly. But it’s not just market pressure. It’s an infrastructure that can’t handle the pressure. And they’ve had ample time to get ready for this kind of pressure. And they choose not to because they’re so fucking arrogant and they think nothing can happen to them. They are the people in the bubble. The bureaucrats. The banks lie to the bureaucrats and the bureaucrats blame the banks. And the banks don’t care.
Some are saying that the US is repatriating gold either leased or otherwise. The number I heard was the amount of gold brought back to the comex is about 10% so far of what the US claims it has.
Do you think the gold coming in is to replace what was loaned and an audit is coming prior to repricing gold on the balance sheet?
That’s actually a good point. And not only/ just in the way I think you intended. Here’s my point. They never ever ever talk about silver investing demand. They always try to diminish and Silver‘s importance by calling it an industrial metal only. They openly mock people who buy investors Silver.
It’s all a bunch of excuses for underperformance. Completely looking for narrative coverage - Assauge the masses they’ll never know the truth of what’s taking place deep down in the vaults below. Take this pallet of gold to this lair as soon as the owners leave move the Au to another holders vault. We can do musical chairs and call it logistics and moving ( chairs) issues- Yeah sure I’m believing it (NOT)
It’s really that simple yes. I watched the recording, and it was pathetic. Pathetic in the sense that they brought the usual talking heads to talk bullshit, and surrounded them with a couple old-school experts, someone like myself let’s say. But they gave the expert scripts. They weren’t allowed to speak their mind.
Speak their mind is a single word- stacker
Disintegrating trust in physical gold cant be restored with paper contracts. Oof
Killer line.
It is market pressure. The LBMA are scrambling for excuses but what they have come up with is not entirely plausible. Why can they not be honest.
Exactly. But it’s not just market pressure. It’s an infrastructure that can’t handle the pressure. And they’ve had ample time to get ready for this kind of pressure. And they choose not to because they’re so fucking arrogant and they think nothing can happen to them. They are the people in the bubble. The bureaucrats. The banks lie to the bureaucrats and the bureaucrats blame the banks. And the banks don’t care.
Is there a precedent for LBMA holding a webinar like this?
they do these from time to time.. so its not unusual.. but the attendees were unusual in that they brought out heavy hitters to tel la story
That is a convenient bs response by them. This began before trump tarrifs
Trump’s tariffs caused Covid. Didn’t you know?
Some are saying that the US is repatriating gold either leased or otherwise. The number I heard was the amount of gold brought back to the comex is about 10% so far of what the US claims it has.
Do you think the gold coming in is to replace what was loaned and an audit is coming prior to repricing gold on the balance sheet?
Opinion?
May I point out that they only told about industrial silver demand?
And... even if half a true, but not hinting to any possible kind of silver demand?
Wish I could have just a spare couple billions to spare... :)
Yes.
That’s actually a good point. And not only/ just in the way I think you intended. Here’s my point. They never ever ever talk about silver investing demand. They always try to diminish and Silver‘s importance by calling it an industrial metal only. They openly mock people who buy investors Silver.
And that is all part of the gaslighting process