Originally published at: SWITZERLAND'S QUIET GOLD EARTHQUAKE
This story was shared by S.D., with our gratitude, because when I read it, I knew we’re looking possibly at one of the most significant financial moves in recent memory: Switzerland is abandoning the London Bullion Market Association, which is basically much of the world’s over-the-counter bullion trading, and moving much of its gold smelting…
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Is that Woodrow Wilson?
Talk about defacing monetary currency!
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Solid analysis in this post. Interestingly, that outrageously large gold certificate denomination is too low to fully back USA debt with the gold reserves we supposedly have 
Would need to be something like a $150,000 note (and more than 8,000 of those would need to be printed).
Other moving pieces on the monetary front; Bessent commented USA would (will) be controlling other nation US dollar reserves. Luongo has been pushing the idea that US Treasury does not fully have control over the interest rates for bonds issued due to the vast amounts of what he calls ‘Eurodollars’ (meaning US dollars held by foreign entities in Europe). Bessent only hinted at the ‘control’ aspect. I have not heard anything about the mechanism by which this control would manifest.
The death of the LBMA / move to USA is part of further development of the bipolar precious metals (and currency too actually) markets with Chinese markets (which do not have ‘fake gold’ futures trading) gaining prominence in physical trading and Yuan gaining prominence in international trade.