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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 06:32:22 JST Hoss Delgado
Somebody bought $14 billion worth of gold for immediately delivery on the futures market today. @istvan -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 06:42:12 JST Hoss Delgado
Happening with silver as well, albeit to a lesser extent. -
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dobó istván (istvan@noauthority.social)'s status on Tuesday, 01-Apr-2025 07:18:33 JST dobó istván
@dagda @Hoss If you aren’t betting on societal collapse at this point what are you even doing?
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EmoDagda (dagda@netzsphaere.xyz)'s status on Tuesday, 01-Apr-2025 07:18:35 JST EmoDagda
@Hoss @istvan bro is betting on societal collapse 😭😭😭 Hoss Delgado repeated this. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 07:20:33 JST Hoss Delgado
Societal collapse? I dunno about that. That being said, I don't know how anybody can look at shit like this and bet the status quo. Bread up, Bro likes this. -
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dobó istván (istvan@noauthority.social)'s status on Tuesday, 01-Apr-2025 07:26:02 JST dobó istván
@Hoss $14 billion can buy 4.5 million Troy ounces at the current rate. That’s about 140 metric tons.
Ft. Knox is presumed to have about 4,580 metric tons of gold.
So bro is buying nearly buying 1/20 of Ft Knox.
Pretty based. Any similar sales of Bitcoin you can find? Or any wallet with structured sales getting to that ballpark?
Hoss Delgado repeated this. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 07:26:52 JST Hoss Delgado
Wallets can't move that much Bitcoin around without everybody noticing. -
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dobó istván (istvan@noauthority.social)'s status on Tuesday, 01-Apr-2025 07:27:14 JST dobó istván
@Hoss I don’t think anyone keeps that kind of cash laying around. This is probably a move from one asset to another unless it’s a government actor.
The big question is what did they exit to move to gold?
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dobó istván (istvan@noauthority.social)'s status on Tuesday, 01-Apr-2025 07:28:54 JST dobó istván
@Hoss That’s literally the point of structuring.
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 07:29:19 JST Hoss Delgado
You'd have to spend a long time structuring to move $14b -
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7666 (7666@comp.lain.la)'s status on Tuesday, 01-Apr-2025 07:44:56 JST 7666
@Hoss @dagda @istvan you know metals better than i do, is this an accurate representation -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 07:45:38 JST Hoss Delgado
Yes, although I think PMs are front running future dollar devaluation right now. -
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AlphaKiloPapa☭⃠ (alphakilopapa@noauthority.social)'s status on Tuesday, 01-Apr-2025 07:46:36 JST AlphaKiloPapa☭⃠
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LordOfTheKangs (lordofthekangs@poa.st)'s status on Tuesday, 01-Apr-2025 07:48:05 JST LordOfTheKangs
@Hoss @istvan What if it was unit 8200 coordinating a sale from thousands of wallets?
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dobó istván (istvan@noauthority.social)'s status on Tuesday, 01-Apr-2025 07:48:05 JST dobó istván
@LordOfTheKangs @Hoss That just goes back to the state actor possibility, and then the money could be coming from anywhere.
Much more interesting if it’s a private buyer, because then they have to be leaving another investment or asset for gold.
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7666 (7666@comp.lain.la)'s status on Tuesday, 01-Apr-2025 07:48:10 JST 7666
@Hoss @dagda @istvan so they're just getting ahead of the curve as economic shenanigans begin to have an effect. Hoss Delgado likes this. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 07:48:19 JST Hoss Delgado
Correct. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 07:53:46 JST Hoss Delgado
Oh, the defaults are coming. Of that I'm certain. Don't be one of the sorry bastards holding the IOUs when it happens. -
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Ulysses (professionalbigot69@poa.st)'s status on Tuesday, 01-Apr-2025 07:53:47 JST Ulysses
@Hoss @dagda @istvan we should have a debt jubilee -
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Kenny Blankenship (dw2@poa.st)'s status on Tuesday, 01-Apr-2025 07:56:11 JST Kenny Blankenship
@Hoss @istvan Can’t tell you how gratifying it is being a shiny rock enjoyer and seeing the 10am slam soundly defeated Hoss Delgado repeated this. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 07:57:23 JST Hoss Delgado
Silver took a beating compared to the other PMs today, but they couldn't even push it under $34. Everybody thought it we'd close under $34 today, but she held like a champ. -
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Bread up, Bro (sickburnbro@poa.st)'s status on Tuesday, 01-Apr-2025 07:57:26 JST Bread up, Bro
@TrevorGoodchild @Hoss @istvan I know, you wanted to buy 140 billion, how embarrassing. -
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Trevor Goodchild:verified::pondering_orb: (trevorgoodchild@poa.st)'s status on Tuesday, 01-Apr-2025 07:57:27 JST Trevor Goodchild:verified::pondering_orb:
@Hoss @istvan Yeah, it was me. Fat finger error. Sorry. :akarinShrug: -
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Trevor Goodchild:verified::pondering_orb: (trevorgoodchild@poa.st)'s status on Tuesday, 01-Apr-2025 07:57:40 JST Trevor Goodchild:verified::pondering_orb:
@DW2 @Hoss @istvan 3000 rapidly becoming a floor instead of a ceiling, you love to see it Bread up, Bro likes this. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 07:59:27 JST Hoss Delgado
Broker didn't increase his margin in time for close. -
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Bread up, Bro (sickburnbro@poa.st)'s status on Tuesday, 01-Apr-2025 08:01:36 JST Bread up, Bro
@Hoss @istvan @TrevorGoodchild what's interesting with a move this big is that there will likely be pressure that is applied outside of just the market. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 08:02:30 JST Hoss Delgado
Anybody who thought gold was topping just got felted big time today. Next stop, $3500. -
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dobó istván (istvan@noauthority.social)'s status on Tuesday, 01-Apr-2025 08:04:03 JST dobó istván
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Bread up, Bro (sickburnbro@poa.st)'s status on Tuesday, 01-Apr-2025 08:05:36 JST Bread up, Bro
@istvan @Hoss @TrevorGoodchild "hey honey, that yellow look is really tacky" -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 08:06:16 JST Hoss Delgado
Platinum wedding rings might become trendy real soon. -
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dobó istván (istvan@noauthority.social)'s status on Tuesday, 01-Apr-2025 09:25:14 JST dobó istván
@Hoss @TrevorGoodchild @sickburnbro They already are. Cheaper than 18K gold now.
But there’s a couple problems with Pt.
First you need a hotter torch to work on it. I won’t touch platinum in-house because I’d need to be running acetylene in a retail space and the fire dept would not like that.
Second issue is chlorine damage is more of an issue. It’s better than white gold which just shatters apart, but only marginally.
Third is it is a bitch to cast. You need to send out to a platinum pro.
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dobó istván (istvan@noauthority.social)'s status on Tuesday, 01-Apr-2025 09:25:23 JST dobó istván
@Hoss @TrevorGoodchild @sickburnbro That said, it’s WAY BETTER than palladium. Fuck palladium. It’s the worst PM for jewelry ever.
Also don’t do novelty metals if you like your fingers. The fire dept and hospital don’t know how to cut them off in an emergency so you are getting Frankenstein scars.
Hoss Delgado likes this. -
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御園はくい (hakui@tuusin.misono-ya.info)'s status on Tuesday, 01-Apr-2025 09:47:04 JST 御園はくい
@Hoss @7666 @dagda @istvan it's catching up with two decades of past devaluation -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 09:47:27 JST Hoss Delgado
Are you starting to believe yet, Hakui? -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 09:50:04 JST Hoss Delgado
Unlike most of the silver oldfags, I can feel you're not fully demoralized. You want to believe me when I tell you the game has changed for the first time in 14 years. -
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御園はくい (hakui@tuusin.misono-ya.info)'s status on Tuesday, 01-Apr-2025 09:50:05 JST 御園はくい
@Hoss @7666 @dagda @istvan silver's still not breaking out
i'll check back in two weeks -
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御園はくい (hakui@tuusin.misono-ya.info)'s status on Tuesday, 01-Apr-2025 09:51:54 JST 御園はくい
@Hoss @7666 @dagda @istvan i still know it'll happen, i just learned over time to not expect it to happen by a certain date Hoss Delgado likes this. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 09:53:04 JST Hoss Delgado
Understandable. I'm willing to dig in my heels for the next five years if I have to, I just don't think it'll take that long. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 10:03:11 JST Hoss Delgado
COMEX might be able to play games with small fry, but if they don't produce the goods for whoever just placed a multibillion dollar order for delivery they're gonna have a real big problem on their hands. -
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Tadg_macNuadat (tadg_macnuadat@nicecrew.digital)'s status on Tuesday, 01-Apr-2025 10:03:12 JST Tadg_macNuadat
lol; Good luck with that delivery. -
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Tadg_macNuadat (tadg_macnuadat@nicecrew.digital)'s status on Tuesday, 01-Apr-2025 10:38:18 JST Tadg_macNuadat
dude. If they get a 14 bill delivery of gold I am on board. All i've to say is fcuk yeah. Get the delivery. But I've not faith it'll happen, Hoss Delgado likes this. -
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CoQ_10 (coq_10@poa.st)'s status on Tuesday, 01-Apr-2025 10:39:31 JST CoQ_10
@Hoss @Tadg_macNuadat @istvan I thought COMEX has the option of settling in cash if the commodity is not available for delivery. Hoss Delgado likes this.Hoss Delgado repeated this. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 10:42:13 JST Hoss Delgado
If a buyer exercising $14b physical delivery doesn't get it, there will be issues regardless of whether the COMEX has a right to settle those contracts in cash. You're talking about extreme reputational damage to the futures market and the function it's supposed to serve. -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 10:43:54 JST Hoss Delgado
If they're exercising delivery? I'd say yes. Absolutely yes. They can't refuse delivery on that if they want to maintain trust. -
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Tadg_macNuadat (tadg_macnuadat@nicecrew.digital)'s status on Tuesday, 01-Apr-2025 10:43:55 JST Tadg_macNuadat
the gold isn't going to be delivered. Is that in dispute? -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 10:48:02 JST Hoss Delgado
If the COMEX doesn't want its credibility ruined? Yes. That's not a buyer you say no to. -
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Tadg_macNuadat (tadg_macnuadat@nicecrew.digital)'s status on Tuesday, 01-Apr-2025 10:48:03 JST Tadg_macNuadat
Do you think that that amount of ACTUAL gold is going to be delivereed? Seriousl.y -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Tuesday, 01-Apr-2025 10:51:51 JST Hoss Delgado
What makes you so confident of that? We just had a tech billionaire take delivery of 12.69m ozt of silver. COMEX will deliver the gold to whoever this buyer is even if it rapes the vaults. They have no choice. -
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Tadg_macNuadat (tadg_macnuadat@nicecrew.digital)'s status on Tuesday, 01-Apr-2025 10:51:52 JST Tadg_macNuadat
So they're not going to deliver any gold anywhere?
what is the point? -
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EvilSandmich (evilsandmich@poa.st)'s status on Tuesday, 01-Apr-2025 10:53:28 JST EvilSandmich
@CoQ_10 @Hoss @Tadg_macNuadat @istvan Yeah if it were you or me; but gonna have to agree with Hoss here as this is a state or near-state actor making the buy, that’ll get someone bombed if they fuck around (unless crashing the market is the intent of the buyer).
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