Guest Post by Jesse
Gold is not only flowing from West to East.
It is also flowing into the house account at Goldman Sachs. Or at least the paper claims for it in New York.
Below is the monthly report showing the large amounts of physical gold which have been steadily flowing through the Shanghai markets into strong hands in China.
Few commentators are talking about this.
What is less familiar, and what I have not read about much, is the very large amount of gold that Goldman Sachs has been taking delivery on the Comex this month.
Attached are a few of the clearing reports below.
Notice that the big takers are the house account at Goldman, and some presumably large customer at JPM.
What’s up with that?
If ya can’t beat the banksters, ride their coattails as they hedge against the demise of the fiat they’ve been stealing for centuries. If not Au, then the poor man’s version, Ag.
China, Russia, India are hoarding for the day when the king known as the $USD gets bounced from the world stage.
The groundwork has been laid, for alternatives to SWIFT, for settling international transactions, and a gold backed currency, to be determined.
The $USD? Research Wiemar.
Eventually, holders will see hyperinflation. So, start stacking.
For wealth preservation, not investment with growth.
Nothing to see here. Move along. I’m going all in and buying the dip in cryptos.
thanks for the giggle
Instead of providing readers with a reasoned explanation, “Jesse” gives a rhetorical question. As with others of his ilk (conspiracy “analyst” Theodore Butler comes to mind), the author pushes numbers around but essentially indulges in anti intellectualism instead of hard analysis. Probably a better source of futures open interest/Comex deliveries would be the guys at bullionstar.com.
I’m curious about platinum. Its a lot rarer than gold but is selling for under $800/oz, less than half what it fetched 10 years ago. Are EVs doing this because they do not need catalytic converters even though EV sales are miniscule in the scheme of things.
A site called belangp on You Tube has many videos with excellent analysis. While very dry his analysis is brilliant and crushes a lot of the current dogma related to investing and protection for the coming storm. Buckle up and stack up-PMs that is.
“The Goldman–Sachs family is a family of German Jewish descent known for the leading investment bank Goldman Sachs. Marcus Goldman’s youngest daughter, Louisa, married Samuel Sachs, the son of close friends and fellow Lower Franconia, Bavaria immigrants.[1] Louisa’s older sister and Sam’s older brother had already married. His oldest son, Julius Goldman, married Sarah Adler, daughter of Samuel Adler. In 1882, Goldman invited his son-in-law Samuel to join him in the business and changed the firm’s name to M. Goldman and Sachs. For almost fifty years, all the partners came from the extended family.”
— https://en.wikipedia.org/wiki/Goldman%E2%80%93Sachs_family
“In fact, 85 to 90% of the foreigners helping the Chinese at the time of the Communist takeover were Jewish. This included the daughter of the founder of the brokerage firm Goldman Sachs, who left the comfort of her Park Avenue home to assist the Chinese.
— https://forward.com/schmooze/159051/a-jew-in-maos-china/
This?