so the biggest players right now are India, China and Russia who are indeed withdrawing larger quantities. This ties into the BRICS gold standard adoption which is fast accelerating and makes sense. It could also signal war.
The current T+1 is now T+8weeks and that's most likely due to politics, supply and maybe an overstatement of assets under management at the vaults. IDK about "the doctor" or anything but indeed there is a physical withdrawal of silver and gold, but again most likely in like with China's new initiative of 'gold banks in BRCIS countries' as hubs of BRICS trade, possibly creating a new currency backed on the reserves within the group of nations? IDK.
But this is aside from PGMs, which is seeing a cyclical rebound since it's highs in 2022. 23 and 24 were crushing on the industry. In fact cobalt and other EV materials have maintained and dulled a little but the 'real industry inputs' are performing because there is a lot of stimulus in construction and new factories in the US, filling up arms supplies in the NATO countries etc. Copper is up in demand, chrome too and tin as well. PGM demand is most likely coming from precious materials and rare earths.
