David Jensen Profile picture
May 19, 2018 4 tweets 4 min read Twitter logo Read on Twitter
1) @Gold_AntiTrust is frustrated James Grant doesn't know central banks manipulate #gold.

Ea day in London, 220M oz of unbacked gold debt instruments are traded primarily between bullion banks.

Est'd 500M oz open int. claims in spot contracts.

#silver gata.org/node/18244
2) In 1985, Larry Summers' paper identified neg. correlation w/ real interest rates "dominant feature of gold price fluctuations".

In 1987, Bank of England created the LBMA (90% of global gold trade ea day) trading unbacked paper #gold.

safehaven.com/article/42493/… @Gold_AntiTrust
3) Suppress #gold and interest rates can be suppressed (shut down gold alarm system). Lower int. rates cause speculation / mkt bubbles.

Bullion banks trading paper gold in London benefit fr. low rates w/ $100s billions profits & asset transfer since 1987. safehaven.com/article/34980/…
4) #gold and #silver have been put to sleep using paper metal trading since 1987.

Central banks & the financial industry have had low int. rate party while gold was shut down.

End of largest debt bubble in history now. Boom.

#bonds END

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More from @RealDavidJensen

May 17, 2018
Impact of the Petro-Yuan (w/ Gold settlement option) contract still to be seen; first Yuan contract settles in September 2018. As @Ole_S_Hansen notes, trading volume of the Petro-Yuan oil contract continues to build. A developing story. #OOTT #PetroGold
The Yuan/Gold settlement oil contract China has launched will fundamentally impact the Petro Dollar's dominant status. Out comes the mallet.
cnbc.com/2018/05/17/tru… #oott #oil
Russia has been receiving physical gold payment from China for oil for years.
President Trump can see where this is inevitably going globally.
Out comes the mallet.

zerohedge.com/news/2018-05-1…

#oil #oott #gold #petrogold
Read 13 tweets

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