Metals Market Manipulation - JPMorgan And Citi are 90% of The U.S. Gold Derivative Market- Paper, Not Gold: How To Corner the Market Without Owning ANY Metals
Posted by freedomforall 1 year, 8 months ago to Economics
Excerpt:
" - Gold derivative risk exposure held by FDIC banks jumped 520% in one quarter
- This was due to an accounting change where Gold derivatives were previously grouped in with Exchange-Rate currency contracts
- As a result, JPM’s observed exposure jumped by over 1,000% from December 2021, to March 2022
- JPM and Citi have had 90% of the Gold market derivative risk with almost all of it categorized elsewhere for some time."
" - Gold derivative risk exposure held by FDIC banks jumped 520% in one quarter
- This was due to an accounting change where Gold derivatives were previously grouped in with Exchange-Rate currency contracts
- As a result, JPM’s observed exposure jumped by over 1,000% from December 2021, to March 2022
- JPM and Citi have had 90% of the Gold market derivative risk with almost all of it categorized elsewhere for some time."
The gold prices for bullion coins are about $100 (about 5.5%) more than spot gold prices.
The silver prices for bags of "junk" silver coins ($1000 face of 90% silver dimes and
quarters with no numismatic value) are about 40% ($8/oz) above spot silver prices.
Damaged uncirculated 1oz US Silver Eagles are $12/oz (60%) above spot silver prices.
Canadian Silver Maple Leaf 1oz coins are $8 (40%) above spot silver prices.
S.African Silver Krugerrand 1oz coins are $7 (35%) above spot silver prices.