i’m pretty ignorant myself -
Facts (loose usage of the term) as I can see them:
1 There’s no PUBLIC agreement on how much is on earth, or where?
2 NY is mostly futures market (some gold there but credited to accounts and paper/physically swapped)?
3 LBMA is mostly ‘physically traded’ but has long been expected to fail any large holding for delivery?
4 Ft Knox is famous and holds “american” gold and hasn’t really been audited in a long arse time?
5 outside of a money standard/value standard (arguable) it has properties that make it useful in tech – electric/space/keeping the annunaki alive on their planet.
6 middle ages storing/book-keeping it/lending 9X more than exists is the myth of our banking system start
7 there are myths about gold treasure – nazi gold, japanese gold, indian gold, chinese gold. Possibly america grabbed one or two of those and used it and infinite rehypothication to fund R&D and UAPs and black budget spy noodles for many years.
American political choices have swung things hugely in time. Closing gold window. Convertibility. Gold standard. Judy Shelton talks about ‘throwing gold on the curve’ with long term bonds partially redeemable in gold – as a way to 1 remonitize gold 2 reprice gold more in line with what investors think/hope/claim it’s worth 3 possible reduce debt burdens (but that last one is a problem).
And no one is real sure who/what is making stuff occur at this, post trump election space with LBMA crunch, DOGE audit ft knox stories, commercial flights sending the stuff to NYC, prices going up only.
Does that cover it? Did I miss anything major?