That’s when you have a gold run or a run on the bank. And that’s what could be—I want to use the word could, not would—taking place right now,” says David Morgan, publisher of The Morgan Report. In an interview with Daniela Cambone, he compares the recent gold supply crunch in London, much of which was triggered by tariff threats as investors bought cheaper gold in London and sold it for a higher price in New York, to a traditional bank run. “Some gold holders started to wake up and say, wait a minute, there are delays in the LBMA. There shouldn’t be, or at least not that long. I’m going to get my gold back.” Additionally, he states that some of the gold stored in Fort Knox was coin melt, meaning it was taken from gold coins, which are typically made of 90% gold, not pure gold. “For a gold contract to be valid, it has to be 999 fine. In other words, it’s just gold, it’s not gold and another metal.
📞 ACT NOW, BEFORE IT’S TOO LATE: David Morgan warns of rising global tensions, a collapsing middle class, and the fall of the dollar. Gold is your best safeguard in uncertain times. Protect your future with physical gold and silver today: or call 866-706-9061
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Chapters:
00:00 Revalue gold
4:42 Fort Knox audit
6:33 Gold store locations
12:11 Fort Knox gold coin melt
14:35 COMEX gold move to NY
18:10 Gold price factor
22:00 Pull back in gold
25:58 Concluding words
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37 Comments
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My guess is still that the likes of JPM are responsible for the gold price rise unintentionally because they were having to buy it back to meet their obligations were there an audit. Why ever would China want to have their gold in New York?
Paper ownership of gold in Ft Knox or New York is a dumb statement. You are a country supporting a Genocide in Palestine, and you think a paper ownership of gold is valid.
The Basel III compliance rules state a ratio of paper gold to physical gold of 1:1.
If we use the world debt of 315 trillion to world gold of 21 trillion, that's a 15:1 Ratio.
Current gold price $3000 US × 15 = $45,000 US dollars an Oz.
We NEED to have a gold backed currency so we could hold our government true. No more printing more $$
THE BANKS HAS ALL THE GOLD FROM FORTH KNOX! HOW DO YOU THINK THE BANKS GOT ALL THE GOLD! FOR THE PAST 10 YEARS THE BANKS WERE STOCKING UP ON GOLD. THE GOLD MIGHT BE THERE BUT IT'S ALL ACCOUNTED FOR. THE BANKS HAS IT ALL PERIOD! THE ROTHSCHILD HAS SOMETHING TO DO WITH IT. AFTER ALL THEY OWN THE BANK. GO FIGURE! 👍👍😡😡😡
I came for the Gold but i stayed for Daniela
Audited, tokenised,
Every little bit helps
Something's coming
Martin Armstrong says USA civil war 2028
This transfer of gold is the out flow of capital from the LBMA as Europe prepares for war with Russia
it is like trump sent out to every one a cease and desist letter .
Where is the gold from the basement of the WTC building. Most of it disappeared.
Beware the Tulips, bitcoiner's
BitCoin is sexier than gold:)
David, Ronan is in charge of BullionStar in Singapore.
As per US gold storage, I was under the impression there is gold held in Denver, Colorado?
They need to stop suppressing the gold price! Its obvious that they are!!
It is great to hear a comprehensive and thoughtful (not emotional) presentation. Thanks Danny.
Gold breaks the Fed.
Gold is money!
Question, would block chain solve the ownership issue?
Pandora Papers reveal 5 to 32 trillion $ in hidden accounts. I say we take that, pay down our debt, and jail the criminals.
Dig gold digger gold with a silver spoon.
Gold $3,500.00 per oz
Retail is tapped out.
Gold is the prize. Btc and crypto is the distraction
David, you are way to pessimistic about Bitcoin, ridiculous calling Bitcoin a ponzy scheme. Ridiculous! You loose credibility by spewing things you know little about. You look jealous that you missed the train on original Bitcoin…
Hey Daniela is this q new channel? I used to follow you. I just subscribed here
I should be recognized as american indian gold reserves.
Check all gold reserves at the same time!
Daniela:Copper rally is rising strongly¡¡Copper could be an amazing reserve asset as well as gold and silver¡¡We are living in commodities times right now¡¡See you¡¡
Q: If Trump revalues gold at market price, then people buying gold causes price increase there for support the countries reserves?
daniela is such a great interviewer. and so kind and gracious!
there are already gold runs in other parts of the world.
so….they are going to revalue currency and not revalue gold.
Why does the Fed have our gold. They
Aren’t part of the gov’t.
Politicians will probably
Try and tax u
S for the increased capital gains of gold in our portfolio.
Wise man but wrong on a couple topics. Gold's federal accounting price of 42.22 a oz will be revalued to around 286.00 a oz. This will increase the spot price to 17k a oz. He said the accounting price doesn't effect the spot and that is false. Then hopefully good people will remain blessed when they start WW3 which will increase the gold price even more. Bitcoin will plummet from the largest rug pull ever and a new CDBC will try to replace cash.