at reduced capacity
— Fabrice Drouin Ristori (@FabriceDrouin) April 5, 2020
Total annual gold mines output will drop drastically this year due to Coronavirus. Gold refineries to reopen at reduced capacity. Massive worldide physical demand for gold and silver. Dont expect shortage to go away shortly. #gold #silver
— Fabrice Drouin Ristori (@FabriceDrouin) April 5, 2020
I’ve often said that cash-settled futures on a monetary asset like gold with no position limits shifts price discovery from supply/demand fundamentals to whoever has the biggest balance sheet.
— Luke Gromen (@LukeGromen) April 4, 2020
Gold Markets Are Being Haunted by Signs of Dislocation Again - Bloomberg https://t.co/HtHDUHGL1C
— Luke Gromen (@LukeGromen) April 7, 2020
Dump the USTs, keep the gold. Gresham's law in action
— Luke Gromen (@LukeGromen) April 7, 2020
Nobody will be able to predict when to move from dollars to physical gold. A rising dollar might look attractive, but think about the possibility of an overnight gold revaluation. You won t be notified in advance, it s not going to be a gradual process. Why even take the risk ?
— Fabrice Drouin Ristori (@FabriceDrouin) April 8, 2020
Since you will be asked to put much more paper money to own/keep real money : gold in it s physical form. #gold
— Fabrice Drouin Ristori (@FabriceDrouin) April 8, 2020
#Weimar https://t.co/XTTY8BgNqk
— Fabrice Drouin Ristori (@FabriceDrouin) April 10, 2020
Charter flights insured to ship gold to ease supply logjam - LBMA https://t.co/GEFhRSppWH pic.twitter.com/xCRMMv5hp5
— Reuters UK (@ReutersUK) April 9, 2020
In normal times you could buy physical in London (close to spot) sell at the same time on the COMEX (54 dollars profit per oz) and then deliver the physical at contract expiration. But since you can't get your hands on physical gold at spot price, nobody is risking it.
— Fabrice Drouin Ristori (@FabriceDrouin) April 9, 2020
Endgame scenario : #gold revaluation https://t.co/B7MvmKgQpz
— Fabrice Drouin Ristori (@FabriceDrouin) April 10, 2020
Volume in gold futures market (paper gold) was equivalent of 138 years of mined gold traded in March alone.
— Gold Telegraph (@GoldTelegraph_) April 10, 2020
Outrageous statistic. When more redemptions are made, this paper gold market is going to collapse!
Got #gold? pic.twitter.com/OsufHcvIHI
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