>>60756820
Price of gold is going up thanks to tariffs.
What’s really interesting is that these tariffs undermine the ability to endlessly rehypothecate the same bars through the LBMA clearing system.
People who own 'paper' this or that... gold, oil, copper...essentially own nothing. If you don't hold the physical, you don't own it.
In the case of gold and probably silver, there are maybe a hundred pieces paper that says you own one bar, which is obviously not possible. Now, someone is going to have an audit and find out the one guy who does own it, while the other 99 guys are SOL.
Their 'paper wealth' just vanished.