**Where Did The Gold Go?
"Remember when Zoltan Pozsar said there's a crisis of collateral coming? Well, this is it, gold revaluation is happening right now
Topics: Unaccounted for Gold, BRICS Behavior, Markets
Key Moments
- 0:00- Markets
- 2:27- Title Topic Starts
- 9:45- Where is the Gold
- 11:46- For What Reason?
- 17:15- Gold Revaluation
Intro: March 1st Launch Date
Since March 1st: When Macro Discretionary funds bought as well as SGE traders.
1- New Physical Gold Supply Sources
Data illustrates the proportion of gold supply from different sources.1
Total New Supply= 2845 metric tonnes
2- New Physical Gold Supply vs Accounted Demand
Data compares the total new supply with total accounted demand and highlights the unaccounted difference.
New Supply Unaccounted for= 1,365 metric tonnes
3- Physical Gold Demand Components
Data shows the contribution of each sector to the total accounted demand.
New Supply Components= 1,480 metric tonnes
4- Unaccounted Gold Supply Distribution
Data depicts how the unaccounted gold supply is distributed when considering potential derivative claims.
Unaccounted for Gold Supply is between 31% and 48% of total added
5- Final Accounting Differential
Data purpose: Compares physical supply and demand alongside derivative market claims.
There are 882 metric tonnes unaccounted for at minimum since March 1st 2024
Source: Ross Norman’s Metals Daily
Continues here
Where is the Gold? Who is Holding it? For What Reasons and to what ends?
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