Gold Touches $4,000 while Silver just nipped $50 yet again!
But… gold is not only on a move in markets, it’s on the move…physically.
The Bank of England allegedly struggling to meet demand for deliveries of over 8,000 gold bars due to “logistical challenges” and because “it’s really heavy,” causing delays that will likely last months.
This has gained circulation after a reporter put a set of questions to the Bank of England with respect to its gold position to which listening to the answer made you have the same look on your face (he never answered the questions).
Emptying out England
Transfers of physical gold from the Bank of England to New York is now exceeding the panic during the COVID-19 crisis and continuing. People are blaming tariffs but there’s something bigger going on here. Legacy media is totally silent, they’re hiding it or at least trying to suppress it.
It’s worth noting that it’s not only gold that is moving. Since 2021, 435 million oz of silver is gone out of London vaults.
From AI searches: The gold shortage in London is likely due to fears of U.S. tariffs, prompting shipments to U.S. vaults, not specifically Fort Knox. To date, no credible, or rather permitted authority in 2025 reports confirm gold convoys to Fort Knox but it is very likely that this gold is simply held in private vaults throughout the United States.
Oh, Canada
Central Banks
Central Banks have been buying gold continually for the last 10-20 years, especially as of late. Their orders have made gold a much larger percentage of their total reserves, with Switzerland and Russia being the first and second place, respectively.
Central Banks could be buying Bitcoin, predominately silver, Real Estate, Pieces of rocks, rare earths… but they’re not, they’ve collectively chosen gold. Could it be a mistake? like all the 5 large Pharma companies all choosing the same incorrect spike protein for a coronavirus?
The craziest latest statistic?? Now, as a percentage of global reserves, bank hold gold as a higher allocation compared to US Treasuries. Does this mean the dollar will be dethroned overnight? Or does this mean that the US Treasury couldn’t simply revert this tomorrow if they wanted? No. But it does show the increasing importance of gold in the global financial system once again
2025 (8th month)
- Central banks added a net 19t to global reserves in August
- The National Bank of Kazakhstan was the largest gold buyer in the month, while the National Bank of Bulgaria and the Central Reserve Bank of El Salvador also joined the list of buyers
- The National Bank of Poland – the largest purchaser y-t-d – reaffirmed its commitment to gold by increasing its target share.
Stocks
Even though it’s not gold, silver premiums on $SLV have shot up to over 10% recently signalling an expense for anyone to short the stock (many people wish to short SLV vs. PSLV because of the amount of “paper silver” as opposed to the real vaulted 1:1 silver for silver contract). This just goes to reitterate the fact that the paper markets have suppressed the price and eventually, the amount of physical amount cannot get too low (which means immense buying or unwinding of short positions is imminent)–> Price ^BOOM^
Comex
Gimme my Gold! Comex Gold deliveries go mad. We’re now seeing COMEX deliveries create a scramble every 4-5 months.
Something odd can be noted on Comex in December 2024 for instance. Delivery notices in the. month of December spiked up by 71% compared with the same month a year ago.
COMEX gold “deliveries” have now exceeded 60,000 contracts and are almost certain to reach a record 70,000+. This amounts to over 200 metric tonnes! PLUS the 498 metric tonnes already delivered at the beginning of this year (Dec’24 and Jan’25). That’s 698 metric tonnes in total within 3 months!
World of Tariffs
We can actually see some data showing that US gold imports to Switzerland increasing as of late, perhaps as a hedge from having too much exposure to the United States or for melting the bars down for resale. However, a major change has taken place. Trump slapped a 39% tariff on Swiss imports leaving many confused. Switzerland isn’t known for flooding the U.S. with cheap goods like toys or clothing… rather, it is a gold refining not only for the US, but the world. Currently, they refine 70% of the world’s gold, producing 99.99% pure bullion – the global standard. In 2024, Switzerland imported $127.3B in precious metals & gems, exported $184.7B, $36B of which was headed to the USA. Over 2,000 tons of gold flow through Switzerland each year, much of it from Africa, Asia, South America, destined for locations around the world.
This doesn’t suggest gold movement will simply slow down, rather, it may just change its course away from Europe for the foreseeable future.
New Player in Town
Tether Gold, a stable coin allegedly backed by gold has now passed $1.5 billion in market cap.
What happens when the USA starts to join the party again?
Why?
That’s a loaded question but said simply, there’s not enough gold in the vaults to support trading & demand. The world has been financialized to the point where a derivative could destroy everything, at least in the short term. We may say, worries over inflation and the tsunami of debt/liabilities, deteriorating U.S. fiscal health, Federal Reserve independence, and geopolitical instability with wars, tariffs and tension are throwing people back to real money. The emergence of BRICS are another solid reason for the demand.
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