20 February 2025: 16:30 GMT
The Trump/Musk team want to audit Fort Knox to see if the gold reserves are really there. We’re waiting for the details on the visit while also wondering if Musk could come to London and audit the aptly named Loco London gold market. You see, we’ve been hearing about gold delivery problems in London while watching the price skyrocket towards the $3,000/troy ounce level. Maybe there is gold and maybe there isn’t. But one of delivery points, the mighty Bank of England is not delivery the gold speedily. Conspiracy theorists say there isn’t enough to cover all the obligations, while some people we know say only 15 employees are authorised to handle extraction from deep underground vaults using a rickety old lift.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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