ITM Trading, Released on 2/21/25

That’s when you have a gold run or a run on the bank. And that’s what could be—I want to use the word could, not would—taking place right now,” says David Morgan, publisher of The Morgan Report. In an interview with Daniela Cambone, he compares the recent gold supply crunch in London, much of which was triggered by tariff threats as investors bought cheaper gold in London and sold it for a higher price in New York, to a traditional bank run. “Some gold holders started to wake up and say, wait a minute, there are delays in the LBMA. There shouldn’t be, or at least not that long. I’m going to get my gold back.” Additionally, he states that some of the gold stored in Fort Knox was coin melt, meaning it was taken from gold coins, which are typically made of 90% gold, not pure gold. “For a gold contract to be valid, it has to be 999 fine. In other words, it’s just gold, it’s not gold and another metal.

00:00 Revalue gold
4:42 Fort Knox audit
6:33 Gold store locations
12:11 Fort Knox gold coin melt
14:35 COMEX gold move to NY
18:10 Gold price factor
22:00 Pull back in gold
25:58 Concluding words

David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David’s educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing, The Silver Manifesto and, most recently, Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock.

  Fort Knox, gold, gold audit, investing, precious metals, silver