Discover and read the best of Twitter Threads about #bullion

Most recents (5)

What's occurring during Project 79's first in-person review? 🤔

Read the thread below to find out! 👇
We have the first review tomorrow! This is planned to be a regular occurrence, alongside a string of other transparency-boosting mechanisms we are building.
The review will begin with those involved reviewing and questioning all documentation, including licensing, business registration details, contracts for purchases/sales, purchase receipts/sale receipts, assay tests, insurance and more.
Read 6 tweets
4 RICO not suave
#JPMorgan traders
go on trial today🧵


US DoJ claims PM mkts 'were' criminal
JPMorgan still dominates US precious metals derivative mkt share

This topic is way deeper than mere greed

- -
2 Bloomberg reporters tagged below Image
💣former London gold trader
precious metals mkt makers increasingly use unsecured derivatives to subvert mkt forces, now decades running:…
"Once investors swallowed this stupefying pill it was easy to sell them gold that simply didn’t exist." Image
paid a paltry $920 million fine
for the US Department of Justice's 8 yr RICO precious metals rigging indictment 2008-2016

US Office of the Comptroller of the fiat Currency
often known by the acronym OCC just acknowledged Q1 22 that +90% of PM derivatives = JPMorgan/Citi Image
Read 31 tweets
Government #gold #silver price manipulation

-explained by #Gold Anti-Trust Action Committee (#GATA) during #SilverFest

-refer thread for selected sound bytes

1/ “When GATA got started in 1999 nearly all market participants insisted that the #gold market was not being manipulated... Today most respectable market participants acknowledge that most markets are indeed manipulated by governments”
- 06:10
2/ “In 2001 our consultant extracted from an assistant US attorney that the $Gold Reserve Act of 1934... does indeed empower the US Government to rig the #Gold market
- 05:23
Read 16 tweets
#GOLD #goldetf #Bullion #ETF #goldprice #comex

the alchemy of " gold price exposure" was created in 1974 for the express purpose of managing price in lieu of physical metal supply. The London Gold Pool had collapsed in 1968
and Nixon had suspended the dollar's convertibility into gold in 1971.
Absent of new physical sources to control price, investment products were soon created as vehicles for the purpose of siphoning off physical investment demand, Of course, it's not just futures/derivatives contracts that serve as gold price exposure
Read 14 tweets
Gold Bitcoin 2020s
by Paul Jones & Lorenzo Giorgianni (10 pg, tweet thread)

Re: #Gold $Gold $GC_F $IAU $GLD $PHYS & #Bitcoin $BTC #BTC $USD
Our collective Debt Addictions & Obviously Fiat Currency Expansion is a Hard Habit to Kick
Read 12 tweets

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