While we have heard plenty about how the bullion banks sell a lot of paper gold and silver that they don’t have the metal to deliver, there’s something that few ever mention.
Specifically, that when these banks short the market, they’re betting on the price to go down. But with the recent rise in price of gold and silver over the second half of 2019, that means that someone is losing a lot of money.
Which raises the question, are they getting nervous yet?
Jim Willie answers in this short video.
To get access to Jim Willie’s research and #TheHatTrick Letter go to:
Interview by Chris Marcus of Arcadia Economics: