- London Trader – The LBMA Is A Massive Ponzi Scheme!
On July 20th, the ‘London Trader’ told King World News, “The LBMA’s price fixing scheme is coming to an end.” Gold quickly rose $200 after that interview. Today the source now tells KWN the LBMA has, “… incredibly large quantities of paper silver and gold being traded each day, but the real problem here is there is virtually nothing to back this up.” The source also said, “This is all part of the LBMA Ponzi scheme.”
King World News has now released a total of three written interviews with the London Trader. This is the third in a series of blockbuster interviews which uncovers what is happening behind the scenes in the gold and silver markets. The source also discussed the incredible tightness in the physical silver market.
Here is what the source had to say in Part III of the interview: “The physical silver market is extraordinarily tight. It’s insanely tight right now. In other words, there isn’t any for sale. We are seeing large premiums in places like Shanghai. If a buyer wants size in physical silver, you are going to have to wait a long time.”
“When the commercials see a large order enter the market, they just turn the market around. They don’t have that quantity of silver in inventory. Every day the London Bullion Market Association (LBMA) clears 5,000 tons of silver, and between 600 and 700 tons of gold through paper trading. When you think about it, that is a ridiculous amount. This is all part of the LBMA Ponzi scheme. You have these incredibly large quantities of paper silver and gold being traded each day, but the real problem here is there is virtually nothing to back this up….