The London Bullion Market Association (LBMA) has just published a new report titled “Silver Investment 2021: Report” which looks at recent developments in the investment silver sector.
While it’s not clear who actually wrote the report, as no author is specified, the LBMA states that it “acknowledges Metals Focus’ contribution to this report” so we can assume Metals Focus actually wrote it or was heavily involved. Metals Focusis a precious metals consultancy based in London, which also at times, writes the Silver Institute’s annual World Silver Survey.
In one of the last executive actions of the Trump administration, the Office of the Comptroller of the Currency published an important final “Fair Access to Financial Services” rule requiring that large banks and federal savings associations make lending decisions based upon “individualized, quantitative risk-based analysis and management of customer risk.” Translation: The lenders are not to make such decisions on the basis of the political unpopularity (among leftists) of certain businesses, obvious examples of which are producers of fossil fuels or firearms, operators of for-profit colleges or private prisons, and payday lenders, and perhaps others engaged in entirely legal business activities.
The Public Utility Commission of Texas has rejected a proposal to retroactively reverse the market pricing for electricity that resulted in ERCOT overcharging the Texas electricity market by US$16 billion during the Texas Freeze in February.
1. Gesara / Nesara and the Quantum Financial System 2. Gaslighting and the Radical Left Cancel Culture 3. Australia and Facebook: Big Tech Cancels Access to News 4. World Leaders: Not Calling Administrator Biden: They are Calling Trump
“Sanctioning” officials means China can inflict financial pain on entities doing business with them
Arkansas Senator Tom Cotton warns that Communist China’s decision to sanction 28 outgoing Trump administration officials (i.e. financially blackmail via blacklisting) is an ominous move, suggesting the problematic extent to which other government officials–especially Joe Biden, Biden family members, and his left-leaning administration–may be compromised to do the bidding of the authoritarian government.
Every day, there are a whopping 5,500 tonnes ($212 billion) of gold traded in London, making it the largest wholesale and over-the-counter (OTC) market for gold in the world.
To put that in perspective, more gold is traded in London each day than what is stored at Fort Knox (4,176 tonnes). On a higher volume day, amounts closer to total U.S. gold reserves (8,133.5 tonnes) can change hands.
How is this possible?
The infographic below tells the story about gold’s foremost trading hub, as well as the paper gold market in London, England: