Rumors of an imminent COMEX default are spreading fast across social media, fueled by AI videos, recycled headlines, and misunderstood data. But what’s actually happening in the gold and silver markets — and what’s just noise?

In this episode of Sound Money Matters, Danial Diaz sits down with Rob Kientz to break down how COMEX really works, why “physical default” doesn’t mean what most people think, and how cash settlement, paper leverage, and confidence hold the entire system together. We dig into silver supply deficits, industrial demand, ETF dynamics, JPMorgan rumors, and why gold’s recent behavior is sending a much bigger signal than most traders realize.

Citizens for Sound Money is the only nonprofit advocating for sound money legislation and educating communities about Gold and Silver as tools for a free economy. Help support our cause by purchasing an annual Pioneer Gold or Pioneer Silver membership.