Loading ...Eurasian Alliance Plans A Moscow World Standard To Destroy LBMA’s Monopoly In Precious Metals Pricing
But the real impact of the proposed new precious metals trading and pricing infrastructure, if it’s embraced by countries from the Eurasian Economic Union, from BRICS, and from the Shanghai Cooperation Organisation, is that it could lead to real precious metals price discovery and be “capable of destroying London’s monopoly” on pricing.
That could spell the end for the fractional reserve system of the LBMA and COMEX where unlimited synthetic cash-settled paper contracts determine international precious metals prices
That is when you wake up some Monday morning and gold is double in price from where it closed on a Friday(the last day of the COMEX & LME) and silver is 5 times as much as it’s previous close. The question is, will the charts give us some advanced warning?
Also assumes that the LBMA & COMEX have no means to “fight back”.
Moscow will have 60% of the world’s countries on their side for true price discovery – but will the 40% developed world be allowed to participate in this “free market” pricing or will they enact confiscation or disallow PM transactions completely to enforce their move to slavery via digital currency?
We know how the BRICS are going to act (why wouldn’t they) but what will happen here? Both to PM’s and producers?
The metals are being drained from inventory. Once the new market takes over pricing and the suppression scheme fails the Comex & LME will be finished. If they have no metal available no one will trade their paper and if no one trades their paper they can’t create limitless contracts to short. The longs will move to the new platform and that is where price discovery will take place.(at much higher prices because the suppression will be over.)