Kontrarian Korner

On Friday I had Vince Lanci back on the podcast to discuss what has been going on recently in the Gold market. We discussed what is going with the LBMA, COMEX, and the gold flowing into the United States. We also briefly covered his thoughts on silver, platinum, and oil. It was a fun conversation and should help listeners get a handle on what is going on with gold right now. You should all follow his Substack for his precious metals updates, but you can also find him on Twitter.

Podcast Summary

* The LBMA (London Bullion Market Association), COMEX, and the EFP (the exchange of futures for physical), and why gold is moving to the US.

* Why the LBMA is in the process of slowly dying.

* How tariffs would impact precious metals, and why the likelihood of tariffs on metals is extremely low (but not zero).

* The so-called conspiracy theories around the LBMA.

* The potential structure of a sovereign wealth fund.

* Why he’s bullish on silver longer term, and why he thinks gold and silver might be decoupling.

* Why platinum won’t be far behind if silver starts to run.

* What he is watching with oil, and how it interacts with Trump’s geopolitical policy and tariffs.

* Book Recommendation: The Prize by Daniel Yergin

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