No dog in that fight - IMO it is just another sign of people fleeing the dying fiat system. Sure, there's speculation, but there's a lot of proto gold bugs who see the writing on the wall but at this point, can't see themselves going into gold.
And this has been true for a long time.
Central banks, and their proxies (China, the EU, the US) greatly dread the precious metals' "tattletale factor" (if left alone, gold will expose the fact that currencies are nowhere near worth what they are touted to be). How can governments' banks short gold/silver? If they have to cover their shorts, they just go pick some more off the money tree.
But there's an end to it. They're kicking the can down a dead end road.
There are too many things happening in gold right now.
BlackRock’s Global Allocation Fund, which used to be heavily invested, is zeroing out its investments.
The wealthy of Hong Kong are moving out their considerable physical gold assets with the assumption that China will do something nefarious, and sooner rather than later. No idea as to that gold’s destination.
Sovereign funds have been doing a serious draw down of their physical gold stored in other nations. Even sub national holders are doing the same. Forex caused concern by returning different gold than had been deposited with them.
I don’t claim to be a financial guru of any kind, but the older I get the more convinced I become that every “investment market” is manipulated and that the best investment is land.
Gold has a built-in price buffering mechanism distinct from its value as a speculative commodity, and that’s how hard it is to obtain it, from panning it out of a creek to multi-billion dollar operations that purchase fleets of Komatsu ore loaders, a processing plant, and hire the local villagers for labor.
In the future, a brick of ammo will be the most valuable commodity.
Send me some of your silly and barbarous relics.
Competition from bitcoin and other crypto for the share of crackpot mind.
Gold won’t help in what’s coming.
This proves that in the next Civil War / Revolution- the FIRST target to aim at is the Fed Reserve Central bank. Destroy it and you instantly cripple the Globalists (I.e. how will they pay their minions in government/ armed forces/ law enforcement etc?)……Wait ‘til all the Commies and socialists sympathizers are told (“mandated”) that they now have to pay much higher taxes to support their want of government services and bureaucrats!! That house of cards will crumble faster than France’s armies did in WW2!!
Hi Ho SILVER
Or not
My PMs have just been collecting rust at the bottom of a lake.
And has there ever been a time to “sell gold?” I hear so many ads. “BUY GOLD BUY GOLD BUY GOLD” But I have never heard one that says “SELL GOLD.”
In this realistic light, let’s consider their options. Policy makers have four tools to address such debt, namely:
raise taxes,
cut spending,
declare bankruptcy, or
devalue their currencies through inflation.
The first two are already in play in the U.S., namely political efforts to raise taxes and ‘talk’ of cutting spending, both politically difficult options.
Cutting net spending will not happen.
Bankruptcy is the market speaking, they are not in control of that.
No dog in that fight - IMO it is just another sign of people fleeing the dying fiat system. Sure, there's speculation, but there's a lot of proto gold bugs who see the writing on the wall but at this point, can't see themselves going into gold.