Loading ...James Anderson at SD Bullion – is there a Chinese run on retail gold?
No judgements here, just FWIW- perhaps the world has been so focused on US EU gold this situation in China might have been missed by some.
Trump & Elon to Fort Knox | How Early We Still Are in Silver Gold 02/21/2025 go to 14:10 mark (the whole presentation is worth watching though).
Not to mention the suspension of sales in South Korea because of lack of available product and have heard of strong demand in Japan as well. Asia where PM’s are understood and valued is vacuuming them up. The West is asleep at the switch and will only wake up when it is too late.
I only play a psychologist on TV, but one of Scott Bessent’s talents definitely is not being a good liar. Actually not even close. The up tightness and body language around his gold comments makes it pretty easy to break the code that he is trying to pull the wool over our eyes on this one.
BTW the claim that gold is being drained out of London to NY because of tariffs is just a smokescreen. They are not going to put a tariff on a financial asset. Yom Luongo has this right, it is an attack against the City of London financial dominance.