Who owns the gold in the U.S. Treasury? What happens when everyone wants their gold? “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.
They Did WHAT with the Gold! Is A Gold Run Next | https://www.themorganreport.com
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