@john_darksoul LBMA has been delaying deliveries to owners of the physical gold held on LBMA books. It went from 1 week to unknown months.

The gold on those books are currently being held as "deposit" to "print" paper money to loan to customers of banks. Private placement.

Its been artifically held low because of speculation to aid liquidity.

Now that china and usa has bought most of the physical gold either because cia robbery or higher paper price. The demand to settle paper contract goes up.

But theres no more physical gold lbma can borrow at a loss. So comex is trying to partition themselves and their customers from fallout.

One break in the chain (i ran out but i owe 50 other people and 50 different people owe me) will make this contagious. Many nations threw their gold reserves into these places because upkeep costs and high interest. But the contracts are derivaties not actual items. So unlucky guys that come last get nothing