According to @KobeissiLetter, there is a significant increase in physical gold buying in the US, resembling depression-era levels. Physical gold inventories have increased by over 100% year-to-date, with gold prices reaching $3,100/oz. This trend is occurring amid tariff uncertainties surpassing those experienced during the Trump Trade War 1.0.

According to The Kobeissi Letter, physical gold buying is rapidly increasing, as inventories in the three largest COMEX gold vaults have surged by 15 million ounces over two months. This represents a 115% increase, surpassing gold holdings from the 2020 pandemic levels. This significant rise indicates a clear shift in market sentiment toward physical gold, which could impact trading strategies and investment decisions in the gold market.

According to @KobeissiLetter, physical gold buying has surged dramatically, with gold inventories in the three largest COMEX gold vaults increasing by 15 million ounces over two months. This represents a 115% increase, surpassing the levels recorded during the 2020 pandemic. These developments indicate a significant shift in market dynamics, likely affecting gold prices and related trading strategies.