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Gold traders take RECORD physical gold deliveries on COMEX gold future contracts.

Paper-to-physical gold rush. The real reason for record gold prices.

Paper gold system collapsing as we speak. Gold needs to revalued to much higher levels imho.

#Bloomberg #Huge
Why the paper gold system is collapsing?

US always used future markets (COMEX) to control gold prices, by flooding the market with ‘paper gold’. This worked perfectly for almost 50y. Physical deliveries were low so Wall Street traders could control the price for most of the time
But this all changed during the Corona-crash in March. Refineries closed and a scramble for physical gold brought chaos and huge losses for some of the paper gold bankers, short gold.

Since March we have seen a collapse in paper trading by some 50% and Banks stopped trading.
With less paper gold trading more&more traders started to ask for physical deliveries, increasing pressure every month. As a result the gold price started to move up sharply ($100 each month)

Now we have proof of ever increasing amounts of physical deliveries = system is broken
Anything can happen in the next few months/years:

- (much) higher gold prices in not too distant future (Bank of America understands and calls for $3000)

- COMEX failure?!

- Revaluation of gold price to much higher levels by central bankers to stop retail/HNW demand

Etc, etc
Yep, we prepared for this scenario for over ten years. Used that period to find the best undeveloped gold projects worldwide with ounces cheap and safely stored in the ground. These ounces are now in the process of being revalued. That process has JUST STARTED. Much more to come
Want to understand all this a little bit more?

Educate yourself And Download The Big Reset for free - en.cdfund.com/download-the-b…

It’s all there, and a little bit more. Our 🎁 to you.
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