Alternative financial infrastructure threatens COMEX dominance
The guest argues that the rapid expansion of physical precious metals exchanges and alternative payment rails in the Global South will eventually break Western price suppression.
The argument
Schechman described how new exchanges in Singapore, Shanghai, Dubai, and Moscow are offering fully deliverable, non-rehypothecated contracts integrated with SIPS and mBridge payment systems. He contends that if the West attempts to restrict physical metal exports to protect its paper-based pricing system, it will effectively destroy the COMEX's legitimacy, triggering a dramatic global repricing.
The thesis, stress-tested
✓ What validates it
- ✓Launch of new deliverable contracts on Eastern exchanges
- ✓Official announcements of oil or commodity trades settled directly in gold via mBridge
▸ Risks discussed
- ▸Delays in the adoption of mBridge or SIPS by major trading nations
- ▸Western exchanges successfully adapting to physical delivery demands
Hear it yourself
"It hasn't normalized in over a year. Why? Because they know that deep down these traders are motivated by greed, and they will siphon every single ounce that is privately held and send it over there, and it will never come back. And and I think it's really greed of capitalism against it here. Sort of a judo move. Exactly right. Yeah. Or a judo move. Sorry. Yeah. Alright. So, it sounds like you've said that the, volume of imports going into China, which has risen to what I think you've said in the past, sort of unprecedented levels that you've seen in your career, Sounds like it's remaining at those unprecedented levels."
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