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Central Missouri | The devaluation of currency isnt the only thing driving gold price, equally it is the weaponization of the dollar through the swift system.
The trigger that set gold off some 5 years ago was when germany asked britain to return 300 of its 1200 tons stored in britain and britain rep,ied that it would take something like 2000 days.
The second thing was when russia invaded ukraine and the west froze all of russias dollar denominated assets. That sent the russian, indian, and chinese central banks into a gold buying frenzy and they are taking delivery off of the exchanges. It is why trump is tarrifing those countries 50% because without teserve currency status the USA loses a huge amount of power and leverage. Swift countries are moving reserves out of dollar denominated debt and into hard assets.
My guess is the two responses the USA has made is to 50% tarrif the large bricks countries and the US treasury is also buying huge amounts of gold. | |
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$4K Gold
