What's This Now? Silver Is Being Drained At LBMA, NOT Gold
Over 70 million ounces of silver drained from LBMA in January, an all-time monthly record, or about 20% of the float. Gold supplies are actually steady. MSM fools us again.
Sometimes even I get too distracted by media hype. There was a lot of chatter about how gold is in "shortage" in London and how it's being shipped to New York and the wait times for physical delivery are now weeks as opposed to days.
That's all kind of true, sort of, but I now believe it's hiding the real story. I looked at this accidentally today because I had completely forgotten about it, but this is the LBMA gold and silver vault data current to January 2025:
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