GoldFix

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

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%.

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VBL
Jul 09, 2022
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GoldFix
GoldFix
JPMorgan And Citi are 90% of The U.S. Gold Derivative Market
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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…

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