JPMorgan And Citi are 90% of The U.S. Gold Derivative Market

JPMorgan had $330 billion in March 2022 vs. $28 billion in Dec. 2021– an increase of over 1,000%.

The public is treated like mushrooms: kept in the dark and fed a lot of sh*t. But every once in a while the door opens and we get to see what is really going on.

TL/DR

• Gold derivative risk exposure held by FDIC banks jumped 520% in one quarter

• This was due to an accounting change where Gold derivatives were previously grouped in with Exchange-Rate currenc…