A massive physical drain is accelerating in the silver market, with 29 million ounces leaving the COMEX vaults in just two weeks. At the same time, a new institutional thesis argues for a “structural change” in gold as central banks diversify away from the dollar. Are these events connected? Is the physical market breaking away from the paper price?
To get answers, Kitco News Anchor Jeremy Szafron sits down with Bob Gottlieb, a former executive at a major bullion bank and author of the upcoming book “Mastering Gold and Silver Markets.” Gottlieb, whose own forensic analysis first detailed the scale of the silver drain, provides an insider’s perspective on the stress fractures now appearing in the global delivery system.
00:00 Intro: Gold’s Volatile Week & A Massive Physical Drain
01:57 Why The Market Crashed: A “Healthy” Washout of “Week Longs”
04:45 A “Structural Change”: Why Central Banks Are Buying Gold
12:04 The Great Drain: 29 Million Ounces of Silver Leave The COMEX
14:55 The Arbitrage Reversal: How The Silver Squeeze Began
19:53 London’s 150 Million Ounce Silver Shortfall
22:00 The Big Question: What The Section 232 Analysis Means for Silver
31:03 A “Dire” Situation?: The Hidden Risk in The Platinum Market
33:40 China’s Agenda to Weaken The Dollar & Become The Third Hub
42:07 Bob Gottlieb on His Upcoming Book & Final Thoughts
Credit to : Kitco NEWS