You End a Debt Deflation by a Gold Revaluation

My selection of tweets of the week concerning the evolution of the "paper" and physical gold markets: COMEX (futures), LBMA, US dollar, Fed...

The Fed and Treasury are merging...President Trump taking control of the Fed ? #fed #trump #qeinfinity #blackrock pic.twitter.com/HkJMn5XIVd
— Fabrice Drouin Ristori (@FabriceDrouin) March 28, 2020

you end a debt deflation by a #gold revaluation
— Fabrice Drouin Ristori (@FabriceDrouin) March 28, 2020

what s the point of holding dollars (paper) if you can t buy physical gold ?(already happening). it s a bit dangerous to think that one will be able to time exactly when to make the move from dollars to physical gold.
— Fabrice Drouin Ristori (@FabriceDrouin) March 28, 2020

correct, depending on what asset you own, you either lose everything (bails-in), lose purchasing power (devaluation) or maintain your purchasing power (gold).
— Fabrice Drouin Ristori (@FabriceDrouin) March 28, 2020

There was plenty of gold too when the London Gold Pool broke down...just saying #gold #londongoldpool
— Fabrice Drouin Ristori (@FabriceDrouin) March 29, 2020

so even though there is a lot of gold today, it is not available, for most part it already went into hidding.
— Fabrice Drouin Ristori (@FabriceDrouin) March 29, 2020

Yes. It was just that the price needed to go up. Gold is everlasting and mainly used as a monetary metal. https://t.co/f3JgYpP50M
— Jan Nieuwenhuijs (@JanGold_) March 29, 2020

"We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it."
— Ned Naylor-Leyland (@NedNL) March 29, 2020

133 mines globally have been temporarily shut down due to the virus as of this morning. Over half are precious metal operations. #gold #silver
— Marin Katusa (@MarinKatusa) March 29, 2020

Interesting to notice that no country sold their gold reserves (to raise dollars) in the midst of a huge dollars shortage. Better to get swap lines from the fed than sell gold. Gresham law ? #gold https://t.co/4L8uGSSnf5
— Fabrice Drouin Ristori (@FabriceDrouin) March 31, 2020

The world’s largest platinum producers Anglo American Platinum, Sibanye Stillwater and Impala Platinum have declared force majeure on contractshttps://t.co/korzaVsX3K
— Peter ⚒ Spina (@goldseek) March 30, 2020

not sure about the 400 oz gold bars at this point but it won t last long if refineries remain closed.
— Fabrice Drouin Ristori (@FabriceDrouin) March 29, 2020

going "No Bid" on gold paper price. Physical price is another story. #gold https://t.co/mm6y02ehWb
— Fabrice Drouin Ristori (@FabriceDrouin) March 31, 2020

See, countries no longer sell their #gold reserves. An example with #Ecuador. If this doesn t tell you what has real value... pic.twitter.com/liAHR7sTfN
— Fabrice Drouin Ristori (@FabriceDrouin) April 1, 2020

Agreed, i think we both know that the bullion bank will probably dump this gold on the market, but officialy, Ecuador is not selling its gold reserves. Very dangerous game though
— Fabrice Drouin Ristori (@FabriceDrouin) April 1, 2020

"1934 Gold Reserve Act, authorizes the President to establish the gold value of the dollar by proclamation" #gold #usa
— Fabrice Drouin Ristori (@FabriceDrouin) April 1, 2020

From the LBMA today, sent on April 1st... https://t.co/EEgJjfrKLw pic.twitter.com/zfjObr92M3
— Fabrice Drouin Ristori (@FabriceDrouin) April 1, 2020

You cannot buy physical #gold at the paper gold price you see on your screen
— Fabrice Drouin Ristori (@FabriceDrouin) April 1, 2020

interesting, thanks for sharing
— Fabrice Drouin Ristori (@FabriceDrouin) April 2, 2020

they can legally force you to settle in cash on the Comex, so there is no garantee at all you be will get physical gold

— Fabrice Drouin Ristori (@FabriceDrouin) April 1, 2020

you can only get delivery on a future contract if you are a big player. Otherwise, cash settlement with a premium over spot to convince you to accept cash
— Fabrice Drouin Ristori (@FabriceDrouin) April 3, 2020

From Bloomberg : "Slower (gold) retail consumption in Europe" That's the opposite of what I see on a daily basis but I guess it's convenient to forget that there is a big online gold retail industry where demand is 4 to 10 times higher than normal. pic.twitter.com/GMlnbqSusd
— Fabrice Drouin Ristori (@FabriceDrouin) April 1, 2020

Demand is not slowing down in Europe. Transactions are slowing down for lack of gold bars and coins. That s a misleading article from Bloomberg.
— Fabrice Drouin Ristori (@FabriceDrouin) April 2, 2020

monetization madness pic.twitter.com/WlwgePRlWi
— Fabrice Drouin Ristori (@FabriceDrouin) April 3, 2020

#Mexico Mining Suspension to Hit #Silver Supply https://t.co/WExw3I2ReE pic.twitter.com/E36WBGuPx1
— GoldBroker.com (@Goldbroker_com) April 4, 2020

Bloomberg waking up... pic.twitter.com/fK6XiKdsnt
— Fabrice Drouin Ristori (@FabriceDrouin) April 4, 2020

This manipulation has a limit, which is the physical market. When longs start to ask for physical delivery, it s game over, they will be settled in cash which will only exacerbate and reveal the lack of physical gold. Too bad mines and refineries are closed...
— Fabrice Drouin Ristori (@FabriceDrouin) April 4, 2020

Reproduction, in whole or in part, is authorized as long as it includes a link back to the original source.