Gold And Silver Influx Into U.S. Warehouses Sparks Speculation

According to Odaily, Bloomberg macro strategist Simon White has noted an unprecedented influx of gold and silver into U.S. warehouses since the pandemic. This surge may be attributed to the hoarding by emerging market central banks over the years, potentially leading to a shortage of physical metals in Western countries. A less likely theory suggests that the U.S. might be preparing to revalue its gold reserves. The recent significant inflow of gold and silver into the New York Mercantile Exchange (Comex) warehouses has fueled speculation that the U.S. could revalue its substantial gold reserves at the current market price, which is nearing $3,000 per ounce. Currently, the U.S. government's gold reserves are accounted for at a historical price of $42 per ounce, creating a significant valuation gap that has sparked discussions beyond Wall Street.