{"id":36573,"date":"2025-02-11T10:14:36","date_gmt":"2025-02-11T17:14:36","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=36573"},"modified":"2025-02-11T10:14:36","modified_gmt":"2025-02-11T17:14:36","slug":"gold-rush-to-nyc-is-something-big-about-to-happen","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/gold-rush-to-nyc-is-something-big-about-to-happen\/","title":{"rendered":"GOLD RUSH TO NYC: Is something BIG About to Happen?"},"content":{"rendered":"

A major gold shortage<\/strong> is unfolding at the Bank of England<\/strong>, gold delivery wait times have jumped from days to months<\/strong>, and a mystery buyer is quietly accumulating massive amounts of gold<\/strong> on Wall Street. At the same time, the gap between spot and futures prices<\/strong> is widening<\/strong>, something we haven\u2019t seen since 2020<\/strong>, when the financial system almost collapsed.<\/p>\n

CHAPTERS:
\n00:00 Wall Street\u2019s Gold Hoarding Begins<\/strong>
\n01:07 Gold Shortage at the Bank of England<\/strong>
\n02:13 Why Spot and Futures Prices Are Diverging<\/strong>
\n03:58 Is a Mystery Buyer About to Break COMEX?<\/strong>
\n05:37 Could Gold Be Revalued Soon?<\/strong>
\n07:13 Paper Gold Won\u2019t Save You\u2014Get the Real Thing<\/strong>
\n08:50 How to Protect Yourself Before It\u2019s Too Late<\/strong><\/p>\n

TRANSCRIPT:<\/p>\n

00:00<\/strong><\/h4>\n

Something big is happening in the gold market, and no one is talking about it. We’ve known that central banks<\/strong> have been stockpiling gold, preparing for a Currency Reset<\/strong>, but now Wall Street is hoarding physical gold.<\/strong><\/p>\n

So the question is\u2014what do they know that we don\u2019t?<\/strong> And what are they preparing for?<\/strong><\/p>\n

In case you missed it, this past week, a scandal has rocked the Bank of England<\/strong>, where wait times to withdraw gold have jumped from a few days to a few months.<\/strong> Essentially, a bank run\u2014but with gold.<\/strong><\/p>\n

But that’s not all.<\/p>\n

At the same time, the gap between spot and future prices of gold is widening<\/strong>, something we haven’t seen since 2020, when the system nearly collapsed.<\/strong><\/p>\n

And yet, we’re being told that there’s nothing to see here<\/strong>\u2014just logistical issues and tariff concerns.<\/strong><\/p>\n

But if that were true, it still wouldn\u2019t explain<\/strong> the widening price gap<\/strong> and why Wall Street is hoarding gold like something big is about to happen.<\/strong><\/p>\n

Which means\u2014they know something we don\u2019t.<\/strong><\/p>\n

And if they\u2019re preparing now,<\/strong> it means we probably should be preparing too.<\/p>\n

So let\u2019s get into it.<\/p>\n

\n

01:07<\/strong><\/h4>\n

The first thing to understand is that when we hear about the spot price of gold<\/strong> on the news, it’s usually based on the COMEX<\/strong>\u2014or the New York Commodity Exchange.<\/p>\n

But much like our wonderful, trustworthy banking system,<\/strong> COMEX operates on a fractional reserve system.<\/strong><\/p>\n

Meaning\u2014there is far more paper gold<\/strong> (a.k.a. contracts and derivatives based on gold) than there is actual physical gold in its vaults.<\/strong><\/p>\n

I will spare you a rant about how this allows big banks to flood the market with paper contracts<\/strong> they never intend to deliver on, thereby suppressing the price of gold.<\/strong><\/p>\n

But understand this<\/strong>\u2014they make it look<\/strong> like there’s far more gold available<\/strong> than there actually is.<\/p>\n

And normally<\/strong>, this game works because most traders don\u2019t take delivery of their gold.<\/strong><\/p>\n

\n

02:13<\/strong><\/h4>\n

But here\u2019s where this gets messy.<\/p>\n

First\u2014the shortage at the Bank of England.<\/strong><\/p>\n

Gold withdrawals that used to take days<\/strong> are now taking months<\/strong>\u2014meaning that they either don\u2019t have enough gold available,<\/strong> or there was a sudden massive demand for gold withdrawals.<\/strong><\/p>\n

Neither of which inspires confidence.<\/p>\n

Now, we know<\/strong> that they shipped a massive amount of their gold<\/strong> to the COMEX vaults in New York,<\/strong> which are seeing a massive spike in holdings.<\/strong><\/p>\n

In fact, since November, COMEX inventory of real gold has jumped by 75%.<\/strong><\/p>\n

Which is huge.<\/p>\n

\n

03:24<\/strong><\/h4>\n

Now, supposedly, the reason for this is that traders are looking to avoid tariffs<\/strong>\u2014which could make sense\u2026<\/strong><\/p>\n

Until you look at the price spread.<\/strong><\/p>\n

Gold\u2019s spot price<\/strong> is what gold costs right now, immediately, per ounce.<\/strong><\/p>\n

Gold futures<\/strong> is an agreed-upon price for gold at a future date.<\/strong><\/p>\n

Now, normally, the spread between these two prices is only a few dollars.<\/strong><\/p>\n

But recently, this gap has been widening\u2014to over $40+.<\/strong><\/p>\n

Which might not sound like a lot,<\/strong> but here\u2019s why it\u2019s a huge deal.<\/strong><\/p>\n

If the futures price is that much higher than spot<\/strong>, then traders, in theory, should be making risk-free profit<\/strong> by buying gold at spot and selling it in futures.<\/p>\n

But the reason they\u2019re not<\/strong> is because they don\u2019t have confidence<\/strong> that the gold will be delivered.<\/p>\n

\n

03:58<\/strong><\/h4>\n

And here\u2019s where it gets even more bizarre<\/strong>\u2014<\/p>\n

COMEX just had one of its largest delivery months in history<\/strong>\u2014with over $5 billion worth of gold being delivered.<\/strong><\/p>\n

An amount typically only seen in major months\u2014not minor ones<\/strong> like January.<\/p>\n

And instead of deliveries slowing down<\/strong> as the month went on, they accelerated<\/strong>\u2014with net new contracts being bought and settled for delivery all month long.<\/strong><\/p>\n

Something we almost never see.<\/strong><\/p>\n

It could<\/strong> be that there\u2019s an entity that is quietly accumulating massive amounts of gold on Wall Street.<\/strong><\/p>\n

\n

05:06<\/strong><\/h4>\n

But that\u2019s where things take an even more interesting turn.<\/strong><\/p>\n

Because some are speculating<\/strong> that these mystery buyers\u2014or buyer\u2014aren\u2019t just accumulating gold to hedge risk\u2026<\/strong><\/p>\n

But that they\u2019re actually intentionally pushing COMEX to the breaking point.<\/strong><\/p>\n

Think about it\u2014<\/p>\n

If COMEX struggled to meet delivery demand<\/strong>, the entire paper gold system would be exposed as fraudulent<\/strong>\u2014and it would reset the price of gold to true supply and demand.<\/strong><\/p>\n

Which would send prices skyrocketing.<\/strong><\/p>\n

\n

05:37<\/strong><\/h4>\n

Now, the last time<\/strong> we even saw something close to this<\/strong> was in 2020<\/strong>\u2014<\/p>\n

Gold demand was up, and banks (go figure) got reckless<\/strong> with their paper gold gambling<\/strong>, creating way too many contracts<\/strong> that they did not have the physical gold to back up.<\/strong><\/p>\n

Flooding the market.<\/p>\n

And suddenly, the world shut down.<\/strong><\/p>\n

So of course, they didn\u2019t actually have<\/strong> the physical gold to back the contracts.<\/p>\n

And suddenly, the spot and futures price spread exploded to over $100.<\/strong><\/p>\n

By the skin of their teeth<\/strong>, they were able to do emergency deliveries<\/strong> and, through some magic, avoided complete collapse.<\/strong><\/p>\n

\n

07:13<\/strong><\/h4>\n

But here\u2019s the difference<\/strong>\u2014<\/p>\n

Back then, the logistical crisis made sense.<\/strong><\/p>\n

Today\u2014it doesn\u2019t.<\/strong><\/p>\n

So what\u2019s really going on?<\/p>\n

Well, we know<\/strong> for a fact<\/strong> that gold is being stockpiled<\/strong> at Wall Street in record numbers.<\/strong><\/p>\n

We know<\/strong> that there\u2019s some kind of mystery entity or entities<\/strong> who are buying it up as much as they can get.<\/strong><\/p>\n

And we know<\/strong> that this tariff excuse does not account for everything<\/strong> that we\u2019re seeing.<\/p>\n

\n

07:45<\/strong><\/h4>\n

So what does that leave us with?<\/strong><\/p>\n

We know<\/strong> the obvious answer\u2014that as trust in the US financial system and the dollar continues to erode<\/strong>, everyone is moving into gold.<\/strong><\/p>\n

But I won\u2019t rule out<\/strong> this theory\u2014that they could be setting the stage for something bigger.<\/strong><\/p>\n

A potential way to make gold prices go through the roof<\/strong>\u2014to their real, fundamental value.<\/strong><\/p>\n

I\u2019m not going to rule it out.<\/strong><\/p>\n

Because we know that if gold were naturally revalued through this process<\/strong>, it would help all of these central banks<\/strong> and countries drowning in debt.<\/p>\n

It would benefit anyone who\u2019s already been quietly accumulating gold.<\/strong><\/p>\n

\n

08:50<\/strong><\/h4>\n

So the question isn\u2019t what they\u2019re preparing for.<\/strong><\/p>\n

It\u2019s what are YOU preparing for?<\/strong><\/p>\n

If you\u2019re concerned about this, don\u2019t wait.<\/strong><\/p>\n

Download your FREE ITM Gold & Silver Guide<\/strong> by clicking the link in the description<\/strong> or scanning the QR code on the screen.<\/strong><\/p>\n

And if you\u2019re ready to talk to an expert analyst<\/strong>, call us at the number below<\/strong>\u2014they\u2019ve helped so many people prepare<\/strong> and can help you too.<\/strong><\/p>\n

As always, I appreciate you being here.<\/strong><\/p>\n

I\u2019m Taylor Kenney with ITM Trading\u2014your trusted source for gold, silver, and lifelong wealth protection.<\/strong><\/p>\n

Until next time.<\/strong><\/p>\n

SOURCES:
\nhttps:\/\/finance.yahoo.com\/news\/gold-demand-hits-record-levels-as-central-banks-buy-at-eye-watering-pace-205945413.html<\/a>
\nhttps:\/\/www.ft.com\/content\/86a5fafd-603e-4ee1-9620-39b5f4465f53<\/a>
\nhttps:\/\/comexlive.org\/gold\/<\/a>
\nhttps:\/\/fortune.com\/europe\/2025\/01\/31\/waiting-time-get-gold-out-bank-england-reportedly-octupled-trump-tariff-threats-spark-exodus-us\/<\/a>
\nhttps:\/\/www.marketplace.org\/2025\/02\/03\/gold-is-rushing-from-london-to-new-york\/<\/a>
\nhttps:\/\/archive.ph\/J2ncG<\/a>
\nhttps:\/\/www.bloomberg.com\/news\/articles\/2020-03-24\/scramble-for-gold-sends-new-york-premium-to-a-four-decade-high<\/a>
\nhttps:\/\/upstox.com\/news\/business-news\/commodities\/from-comex-to-central-banks-who-[\u2026]rge-in-gold-prices-after-trump-s-trariff-threat\/article-144780\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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