We haven’t even had a crisis and credit card loans are already 12.7% serious delinquency.

Per Grok: The image is a 13F filing snapshot (as of Dec 31, 2025) showing top institutional holders of SPDR Gold Shares (GLD ETF).

Red-highlighted rows flag big trading firms like Virtu Financial, Citadel Advisors, Jane Street, and SIG Holding with sizable stakes (or recent increases).

Zerohedge calls it “bad news” because these sophisticated players (often market makers/HFT) piling into physical gold exposure typically hedge against stock market risks, inflation, or downturns—signaling caution on the broader economy.