Thank you for nice explanation. Thank you @jsmithtx for the question.
So, is it as Chris said in one of his video, “fraudulent monetary system will eventually have everything fraudulent” or something like that?
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Right On, John !
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Unless you are playing in the market to take advantage of the constant changes in the price of gold and get caught short, you would not need to lease it.
With shorting you pay a few to borrow an asset, you buy and sell it to take advantage of price differences then return it. If you are caught in a bind where you will lose lots of money by returning it at that moment, you can in the case of previous metals, lease them from another party
Very interesting theory on why we are seeing gold migration. In a nutshell, global central banks are on course to revalue gold to usher in the great reset. 20 min vid.
Originally posted here https://tribe.peakprosperity.com/t/ignore-the-media-gold-is-signaling-systemic-troubles/43782/103?u=ucwino
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Martin Armstrong’s take on gold migration has more to do with Tariff’s that Trump is imposing on other countries. They don’t want and are trying to avoid devalued currency so they move into gold. He also has said that gold tends to climb higher when there is a loss in government confidence. He has studied gold for the last 40+ years.
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Yes, but this started before the election. Countries watched us seize Russian assets and began piling in. I’m talking about the recent phenomena of golds physical movement, not the price escalation.
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Does anyone know Vince’s handle on twitter or youtube. Soren the something?
Here’s an interesting take on why it takes the BOE so long to move bars… Not sure I buy it, but interesting perspective. https://x.com/JanGold_/status/1884709410619941355
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Here you go. https://x.com/Sorenthek
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Seeing as how you apparently don’t have to have the asset in your posession, I am willing to lease David’s quart jar of pennies and Vidor’s nickel collection. Please remit your payment to me in chocolate.
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This is a sidebar: Have you considered stacking insulated copper wire? I have been thinking about warehousing various types - some for my own use, but mainly for its trade value in a short term emergency.
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A thought occurred to me today, now that Trump has moved to stop the production of pennies it would be a great time to hoard any 2025 pennies one might find. Even though they are only copper plated zinc they might become collectable to future generations since they will be more rare. It would be a minor cost now to “hoard” a few for grandkids or great grand kids.
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Yes but the mint has already produced 240 million cent coins in 2025. They’ll never be rare.
https://www.usatoday.com/story/news/factcheck/2025/02/13/us-mint-pennies-minted-annually-fact-check/78475846007/
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My sofa beat you to it! 
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Absolutely.
I’m an electrician, sooo… 
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I wondered how many of the pennies had already been produced. However, the article says:
It produced more than 4.5 billion pennies in 2023, 3.2 billion in 2024 and had made more than 240 million in 2025 as of Feb. 13
If that’s accurate then they will be 13 to 18 times more rare. So those 2025 pennies in your great great grandchildren’s coin collection that you saved for them will be worth 6 cents instead of the 5 cents for the 2024 ones. 
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In that case one would expect they would take possession of their gold withing their own countries. However, the gold flows are moving to the US, so I think Martin is wrong on this point.
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@Chris: From what I understand, there are no more official lease rates published for silver or gold. These ended when LIBOR was dismantled in 2015. The implied lease rate can supposedly be estimated on the SOFR 1 month minus the Gold Forward 1 month. That would seem to be what the chart is showing in the key, but I wanted to confirm it. Is there any way to get this data on an on-going basis without paying for it? This implies that there is no official lease rate for either silver or gold which sounds very bizarre (or purposely opaque) for such a highly traded commodity.
For a hot minute this morning the price spread between contract and physical gold shrank to 18 cents.
It’s been averaging about $15 in favor of the contract when prices are more stable - which is most of the time.
The comex trading desk must’ve had a pucker moment over that one 