Below is an email a gold pawnbroker sent to King World News.
April 24 (King World News) – Email from one of the King World News global readers who is a gold pawnbroker: I hope all is well with you. Well what a journey we have all been on and still hold and ride along. Sure to be some big bumps along the way but it’s far from over.
Anyway not sure your team saw this news:
The surge in gold prices triggers the “Doomsday Wheel” effect: multiple Shanghai gold options contracts skyrocket, with the maximum increase of 9800%!
https://longportapp.com/en/news/236934299
Not sure if your team can share but it’s insane. It would be interesting to see what Alasdair or Nomi make of it with their knowledge of such markets.
Here is some data for your readers you may want to share source chat GPT:
Gold supply is unlikely to “run out” in the near future, but concerns about a peak in gold production and future shortages have been circulating for some time. Here’s a breakdown of what’s going on:
Another interesting video showing the middle east ramping up gold mining:
Saudi Arabia’s gold rush: a new source of wealth
https://www.cnn.com/2025/04/10/business/video/gold
And lastly a hypothetical simple image if demand outstrips supply with limited new finds
Anyway, just a note from the street gold pawnbroker
Kind regards
Gurjit
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