After 9/11 it was obvious that in order to move away from the petrodollar, only a nuclear power could make the first step, and do so probably only at gun point. There we are.

LBMA Jeremy East claims there is little demand for physical gold in Asia, but increasing demand for ETSs. - wishful thinking?

LBMA webinar still ongoing. So far, my takeaway (1) they hope to fix it by the end of March, (2) they don't mind to talk up the price.

@sidsaysyo Yes, she got that official IMF price wrong (Smithsonian Agmt).

RT @sidsaysyo: @VictorTheClean3 Also Ruth thinking Bretton Woods was at $34/oz tells you a lot about these masonic stooges 😂

LBMA Ruth Crowell adds question of revaluing the US gold from $42.22/oz to market price. That sounds scripted. They want to draw attention to this question.

RT @sidsaysyo: @VictorTheClean3 Problem is just man with van

RT @JanGold_: Gold is ripping through the psychological levels of $2,900 dollars an ounce, and €90,000 euros per Kg. Bon siman! https://t…

LBMA webinar, Adrian Ash asks "Why then is nobody arbitraging London vs London?" - that's the question, isn't it?

LBMA Ruth Crowell says on $5/oz discount on BoE gold, "There is loco London, and there is loco BoE" (meaning b/c BoE is slower "because it's fully allocated") - Hey, Ruth, if there is fully allocated, is there also "half-allocated"?

BoE vault booked out until end of March for withdrawals, approx 150 tons. Question whether this is CB gold wasn't answered, merely saying "then it wouldn't go to COMEX"

LBMA: "there is no shortage of gold, just difficult to get it out of the vault." - Jan 2025 outflow from BoE vault 101 tons, from bank vaults 50 tons. Finally some numbers.

LBMA people just spent 15 minutes to argue that the tariffs make no sense and will not be imposed.

RT @VictorTheClean3: LBMA webinar, J Steel bulshitting about tariffs. Cheap suit, zooming from his sitting room, tacky bookshelf in the bac…

RT @VictorTheClean3: LBMA webinar, Adrian Ash tells lies into the camera, "London is a physical market. Period."

RT @VictorTheClean3: LBMA J East says he doesn't think there is a lot of demand for physical gold in the U.S.

RT @VictorTheClean3: LBMA J East says there is very little demand for physical gold anywhere.

RT @VictorTheClean3: LBMA's David Gornall collects electric guitars. Hey, guys, how unprofessional does that look?

LBMA's David Gornall collects electric guitars. Hey, guys, how unprofessional does that look?

LBMA J East says there is very little demand for physical gold anywhere.