Paper derivatives market is being destroyed as we speak.
Paper:gold is ~128:1
I bet the Bank of England wont make it to EOY.
Ask chatgbt (or whatever ai you like) what the value of gold would be if COMEX stopped trading altogether.
Interesting times.
Physical gold deliveries have been T+2 as long as I’ve been alive. All of a sudden, there’s rumor of an actual audit…. suddenly T+62?
Weird huh?
It’s actually been closer to T+90 if complaints from COMEX customers are to be believed.
telluride / Telluride
npub193…xny6k
2025-02-21 18:56:20
in reply to nevent1q…a0ux
Author Public Key
npub193jegpe9h0csh7al22mkcstqva2ygyny7ura8kwvrn4tsmtnl4lsrxny6kPublished at
2025-02-21 18:56:20Event JSON
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"created_at": 1740164180,
"kind": 1,
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"content": "Paper derivatives market is being destroyed as we speak. \nPaper:gold is ~128:1\nI bet the Bank of England wont make it to EOY.\nAsk chatgbt (or whatever ai you like) what the value of gold would be if COMEX stopped trading altogether.\nInteresting times. \nPhysical gold deliveries have been T+2 as long as I’ve been alive. All of a sudden, there’s rumor of an actual audit…. suddenly T+62? \nWeird huh? \nIt’s actually been closer to T+90 if complaints from COMEX customers are to be believed.\n",
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