“What is it that is has spooked the world's savviest investors to suddenly park as much as gold in vaults some 100 feet below Manhattan as they did when the world [re: Stockpiling during Covid] was ending?”
-ZeroHedge
Gold and silver are being pulled into New York for reasons beyond tariffs. Months ago and most recently here we stated this plainly, calling it repatriation. We described it as a new straw now drawing metal from the LBMA, just as another has been siphoning gold and silver toward China for the past 3 years
Yesterday afternoon Zero Hedge published a premium post examining the same issue. While they avoided the term “repatriation,” they directly questioned why gold is moving to COMEX—concluding tariffs alone don’t explain it. Their analysis highlighted contradictory statements from officials and press agents managing the narrative.
That post starts by establishing the official message-bringers and spin doctors are not playing fair:
There was an interesting article overnight in the otherwise conservative and establishmentarian Financial Times, perhaps best known over the past decade for religiously keeping its readers out of the best performing asset class of all time (bitcoin in particular, and crypto in general which have been relentlessly and constantly bashed with fanatical obsession by all of its now former FT Alphaville writers whose track record of picking trades leaves Jim Cramer in the dust).
While normally the FT does not bother with reports about gold, and certainly not global flows of gold, this time it made an exception…
Officially, problems in metal delivery are blamed and downplayed on logistical challenges according to them and their establishments clients—too much, too fast they said.
