AABB has been spot on the whole time. Recycling into gold from treasuries?
From @LukeGromen: "Gold has diverged v. oil, v. 10y US real rates, v. LT UST futures, v. western gold ETF inventories, and v. the USD, and yet western consensus continues to miss what is happening here: BRICS net surpluses [more than $780 billion in 2023] are being recycled into…
All the publicly traded #gold mining stocks in the world are valued at about $400 billion. China holds about $800 billion of Treasuries. If there was any way China could swap its Treasuries for all those gold mines, it would do so in a heartbeat. It could then take delivery of…
Privately mined gold backing AABBG at 1/10th of 1 gram. If everybody and their brother invests in gold, and there isn't enough paper after the phyzz drys up, where are investors going to put their fiat?? Pulling certs is on the gov system, if Luke and Peter are on to what we been talking about now for years, this is a different financial system that we have front row seats too. Good luck Biz.....hope your doing well;)