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86 sats \ 4 replies \ @freetx 12 Feb \ on: The Gold Runs Have Started, Bitcoin Will Follow econ
I've been puzzling over why Gold is moving from London to US vaults?
One of the theories for recent runs is that now the Shanghai exchange is fully up and running, and they are physically settled (not cash settled like LBMA / Comex)
....that certainly explains why the price may now be running up as cash settled exchanges are now scrambling to deliver physical due to Shanghai being physically settled...but why would Shanghai demand force Gold to move to USA??
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10 sats \ 3 replies \ @SwapMarket 12 Feb
I think this is a kind of proof of reserves. Don't trust, verify.
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30 sats \ 2 replies \ @freetx 12 Feb
Sounds logically...
But if your from the US, why buy via LMBA and pay to ship to States when you could just buy on Comex in US and take delivery locally.....
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0 sats \ 1 reply \ @cyberpunk02 12 Feb
because theres probably no gold there, or it's on loan to someone else
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0 sats \ 0 replies \ @SwapMarket 12 Feb
exactly. paper gold
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