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Sarah's avatar

Great article Joe!

As someone who owns actual physical ("physical ETF" is an oxymoron) and have been watching these manipulated markets for decades now, I wish I could express just how long I've been waiting for this. Every weekend the metals prices would be monkey-hammered back down, especially silver. It was hard watching retail investing in metals ETFs too, thinking they could "take delivery" someday. If your gold isn't in your hand, you don't really own it.

I've always tried to tell people "It's not that gold is worth more, it's the dollar losing value." All along my primary goal was to just try to maintain the value of my savings: to not LOSE it. I knew I was in it for the long haul, and it has been a very, very long one.

I still didn't know that Bear Stearns was the largest short out there though, that's interesting. JPM was known to be shorting the silver market themselves even before 2008, and people were trying to guess as to how much influence they had - so I guess JPM didn't let that crisis go to waste. I've been following ZH since they started, sometime around 2006 I think - they're great.

So wow, now Trump is repatriating gold... he's taking away the City of London's chokehold. BRICS countries have been stockpiling gold for years, and this scramble here in the U.S. is the rumble before the earthquake then.

I'm not so sure those white hats didn't take over JPMorgan back in 2019 and then force BoA to hang their ass in the breeze though, giving them control over both banks. Infiltration, and all that.

But either way, all these fractional reserve lending banks deserve everything they are going to get. Gold may end the Fed, but perhaps silver will end the big banks. Those derivatives unwinding could take them all down like dominoes, and because everything is flash-traded now, their network will fail just like computer networks always do: all at once.

It's going to be fascinating to see what happens when they go to audit Fort Knox, too. (I can't even think of the name "Fort Knox" without automatically thinking "tungsten" though.)

Thanks for another great take!

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Kevin's avatar

A Joe Lange article…. Day made!!!

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