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
Since March we have seen a collapse in paper trading by some 50% and Banks stopped trading.
Now we have proof of ever increasing amounts of physical deliveries = system is broken
- (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