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In The Media

Gold Futures and the Future Of Gold

by Larry Chiang on March 25, 2020

By Larry Chiang
I am pursuing Deeply Understood Crypto Knowledge. Be my study buddy. As per Tim Ferriss’ podcast episode 244, Nick Szabo 🔑 (@NickSzabo4 is an expert. And he’s a friend

Nick Szabo 🔑 (@NickSzabo4)
Imperceptible to Bitcoin, a virus is for the gold futures market “force majeure”.

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Roy Sebag (@roysebag received some important information relating to what’s going on in Gold markets. Today, some banks failed to deliver physical in the comex bar EFP. As a result, these banks suffered large losses which will soon be announced. They’ve also decided to exit the comex market.

Roy Sebag (@roysebag)
1/2 I’ve received some important information relating to what’s going on in Gold markets. Today, some banks failed to deliver physical in the comex bar EFP. As a result, these banks suffered large losses which will soon be announced. They’ve also decided to exit the comex market.
Roy Sebag (@roysebag)
2/2 Now there remains a big shortage in physical in the comex denomination so rumors are the Comex will announce a force majeure and allow banks to deliver LBMA bars instead. This should be announced imminently.

Now there remains a big shortage in physical in the comex denomination so rumors are the Comex will announce a force majeure and allow banks to deliver LBMA bars instead. This should be announced imminently.


BREAKING: 🚨🚨


ABN Amro customers will no longer be able to put their money into physical gold, silver or platinum. 


The bank will discontinue these three investment products next Friday.


If customers don’t sell, they will liquidate for them at prevailing prices


Unbelievable!


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