Gold is the real story. Forget the noise about Bitcoin, crypto, and meme coins. They’re just distractions. The real wealth is moving into gold, and those betting against it are in deep trouble. Gold shorts are about to get squeezed in a way that could rewrite the history books.
The cost to borrow $GLD shares has now shot up to 10.45%. This is a clear sign of the desperation among those shorting gold. Lease rates are soaring, and London’s vaults are running low on unallocated physical gold. The shorts are trapped, and the next move is going to be historic. The squeeze is real, and it’s going to be brutal. We’re talking about an eruption that will send shockwaves through the financial system.
We’re seeing the wealthy pulling their gold out of Europe. They know Europe is on the brink of a disaster—financial collapse, currency turmoil, and likely war. It’s not a question of if but when. Those in the know are already moving their assets to safer ground, and gold is the ultimate safe haven.
The collapse of European currencies is going to be staggering. Gold is the anchor, the only asset that stands strong while everything else falls apart. If you haven’t positioned yourself in gold, you’re going to regret it when Europe’s problems hit the global markets.
Gold has surged past production costs in recent years, and the margins for mining companies are at historic levels. This isn’t just a short-term trend; it’s a multi-year rally that’s only picking up steam. Mining companies are printing money, and the recent earnings beats are just the beginning. The best is yet to come.
The gold-to-oil ratio—especially crucial for open-pit mines—has reached its second-highest level in history. This is a game changer for miners. Margins are soaring, and the profits are only going to get bigger. For anyone in the mining industry, it’s Christmas every day.
The U.S. is sucking up gold from Asia. Singapore’s gold exports to the U.S. have hit a three-year high in January, topping 11 tonnes. This is the highest level since March 2022, and it’s no accident. The U.S. is aggressively hoarding gold, and the rest of the world is taking notice.
Now, let’s talk about Bitcoin. It’s a bubble, plain and simple. A double top is forming, and a massive freefall is coming. Bitcoin is a fraudulent instrument, created and manipulated by the elites for money laundering and other shady dealings. The elites have milked Bitcoin for everything it’s worth. When it all unwinds—and it will—you’ll understand just how massive the scam really was.
Gold closed at an all-time high above $2,930. Another 160,000 ounces of physical gold were delivered to COMEX vaults, pushing the total to a staggering 37.6 million troy ounces. The big three vaults are at all-time highs. This is the sign of a market that’s tight, that’s under pressure, and that’s about to explode.
Breaking news: Swiss refinery Argor-Heraeus has suspended orders for 50-gram and 100-gram minted gold bars. This is a major red flag. The supply of gold is drying up, and physical gold is becoming harder to find. We may be entering a period where demand far outstrips supply, and the result will be chaos.
Jim Sinclair, the legendary gold trader, has long predicted a day when Comex gold contracts will trade at $10 with no bids, while physical gold will be virtually impossible to buy. We may be on the cusp of that scenario right now. The writing’s on the wall: Gold is about to break free, and anyone still betting against it is about to get burned.
Peter Schiff calls it: “The most unloved gold bull market in history, but the biggest one yet.” Gold is making new highs every day, but mining stocks are still lagging behind. Investors are skeptical, selling into the rally, but they’re missing the point. When gold breaks through the roof, they’ll be left in the dust.
Forget Bitcoin. Forget the distractions. Gold is the play. It’s the one thing you can rely on when everything else falls apart. The shorts are about to get squeezed, and the wealth transfer into gold is just getting started. If you’re not in yet, you’re already behind.
Sources:
https://x.com/Nostre_damus/status/1891907322240221386
https://x.com/zerohedge/status/1891901983197466983
https://x.com/TaviCosta/status/1891934248199913725
https://x.com/great_martis/status/1891981028337578304
https://x.com/DavidLe76335983/status/1891813416785920430
https://x.com/great_martis/status/1891984110555394538