A major gold shortage is unfolding at the Bank of England, gold delivery wait times have jumped from days to months, and a mystery buyer is quietly accumulating massive amounts of gold on Wall Street. At the same time, the gap between spot and futures prices is widening, something we haven’t seen since 2020, when the financial system almost collapsed.

CHAPTERS:
00:00 Wall Street’s Gold Hoarding Begins
01:07 Gold Shortage at the Bank of England
02:13 Why Spot and Futures Prices Are Diverging
03:58 Is a Mystery Buyer About to Break COMEX?
05:37 Could Gold Be Revalued Soon?
07:13 Paper Gold Won’t Save You—Get the Real Thing
08:50 How to Protect Yourself Before It’s Too Late

TRANSCRIPT:

00:00

Something big is happening in the gold market, and no one is talking about it. We’ve known that central banks have been stockpiling gold, preparing for a Currency Reset, but now Wall Street is hoarding physical gold.

So the question is—what do they know that we don’t? And what are they preparing for?

In case you missed it, this past week, a scandal has rocked the Bank of England, where wait times to withdraw gold have jumped from a few days to a few months. Essentially, a bank run—but with gold.

But that’s not all.

At the same time, the gap between spot and future prices of gold is widening, something we haven’t seen since 2020, when the system nearly collapsed.

And yet, we’re being told that there’s nothing to see here—just logistical issues and tariff concerns.

But if that were true, it still wouldn’t explain the widening price gap and why Wall Street is hoarding gold like something big is about to happen.

Which means—they know something we don’t.

And if they’re preparing now, it means we probably should be preparing too.

So let’s get into it.

01:07

The first thing to understand is that when we hear about the spot price of gold on the news, it’s usually based on the COMEX—or the New York Commodity Exchange.

But much like our wonderful, trustworthy banking system, COMEX operates on a fractional reserve system.

Meaning—there is far more paper gold (a.k.a. contracts and derivatives based on gold) than there is actual physical gold in its vaults.

I will spare you a rant about how this allows big banks to flood the market with paper contracts they never intend to deliver on, thereby suppressing the price of gold.

But understand this—they make it look like there’s far more gold available than there actually is.

And normally, this game works because most traders don’t take delivery of their gold.

02:13

But here’s where this gets messy.

First—the shortage at the Bank of England.

Gold withdrawals that used to take days are now taking months—meaning that they either don’t have enough gold available, or there was a sudden massive demand for gold withdrawals.

Neither of which inspires confidence.

Now, we know that they shipped a massive amount of their gold to the COMEX vaults in New York, which are seeing a massive spike in holdings.

In fact, since November, COMEX inventory of real gold has jumped by 75%.

Which is huge.

03:24

Now, supposedly, the reason for this is that traders are looking to avoid tariffs—which could make sense…

Until you look at the price spread.

Gold’s spot price is what gold costs right now, immediately, per ounce.

Gold futures is an agreed-upon price for gold at a future date.

Now, normally, the spread between these two prices is only a few dollars.

But recently, this gap has been widening—to over $40+.

Which might not sound like a lot, but here’s why it’s a huge deal.

If the futures price is that much higher than spot, then traders, in theory, should be making risk-free profit by buying gold at spot and selling it in futures.

But the reason they’re not is because they don’t have confidence that the gold will be delivered.

03:58

And here’s where it gets even more bizarre—

COMEX just had one of its largest delivery months in history—with over $5 billion worth of gold being delivered.

An amount typically only seen in major months—not minor ones like January.

And instead of deliveries slowing down as the month went on, they accelerated—with net new contracts being bought and settled for delivery all month long.

Something we almost never see.

It could be that there’s an entity that is quietly accumulating massive amounts of gold on Wall Street.

05:06

But that’s where things take an even more interesting turn.

Because some are speculating that these mystery buyers—or buyer—aren’t just accumulating gold to hedge risk…

But that they’re actually intentionally pushing COMEX to the breaking point.

Think about it—

If COMEX struggled to meet delivery demand, the entire paper gold system would be exposed as fraudulent—and it would reset the price of gold to true supply and demand.

Which would send prices skyrocketing.

05:37

Now, the last time we even saw something close to this was in 2020—

Gold demand was up, and banks (go figure) got reckless with their paper gold gambling, creating way too many contracts that they did not have the physical gold to back up.

Flooding the market.

And suddenly, the world shut down.

So of course, they didn’t actually have the physical gold to back the contracts.

And suddenly, the spot and futures price spread exploded to over $100.

By the skin of their teeth, they were able to do emergency deliveries and, through some magic, avoided complete collapse.

07:13

But here’s the difference—

Back then, the logistical crisis made sense.

Today—it doesn’t.

So what’s really going on?

Well, we know for a fact that gold is being stockpiled at Wall Street in record numbers.

We know that there’s some kind of mystery entity or entities who are buying it up as much as they can get.

And we know that this tariff excuse does not account for everything that we’re seeing.

07:45

So what does that leave us with?

We know the obvious answer—that as trust in the US financial system and the dollar continues to erode, everyone is moving into gold.

But I won’t rule out this theory—that they could be setting the stage for something bigger.

A potential way to make gold prices go through the roof—to their real, fundamental value.

I’m not going to rule it out.

Because we know that if gold were naturally revalued through this process, it would help all of these central banks and countries drowning in debt.

It would benefit anyone who’s already been quietly accumulating gold.

08:50

So the question isn’t what they’re preparing for.

It’s what are YOU preparing for?

If you’re concerned about this, don’t wait.

Download your FREE ITM Gold & Silver Guide by clicking the link in the description or scanning the QR code on the screen.

And if you’re ready to talk to an expert analyst, call us at the number below—they’ve helped so many people prepare and can help you too.

As always, I appreciate you being here.

I’m Taylor Kenney with ITM Trading—your trusted source for gold, silver, and lifelong wealth protection.

Until next time.

SOURCES:
https://finance.yahoo.com/news/gold-demand-hits-record-levels-as-central-banks-buy-at-eye-watering-pace-205945413.html
https://www.ft.com/content/86a5fafd-603e-4ee1-9620-39b5f4465f53
https://comexlive.org/gold/
https://fortune.com/europe/2025/01/31/waiting-time-get-gold-out-bank-england-reportedly-octupled-trump-tariff-threats-spark-exodus-us/
https://www.marketplace.org/2025/02/03/gold-is-rushing-from-london-to-new-york/
https://archive.ph/J2ncG
https://www.bloomberg.com/news/articles/2020-03-24/scramble-for-gold-sends-new-york-premium-to-a-four-decade-high
https://upstox.com/news/business-news/commodities/from-comex-to-central-banks-who-[…]rge-in-gold-prices-after-trump-s-trariff-threat/article-144780/