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33 sats \ 1 reply \ @Solomonsatoshi 22 Oct \ on: What Will the Next Gold Bust Look Like? econ
Central banks led by China/BRICS have been stacking gold bars for several years while reducing their holdings of USD/UST.
The recent surge in gold price is mainly retail buyers jumping on board.
The central banks accumulation of gold however is not likely to slow down.
China mines most of the gold it is accumulating.
The USD/petrodollar is in terminal decline-
A much more multi-polar world where Gold and Bitcoin are all increasingly held as alternatives to USD/UST seems almost certain.
Both gold and Bitcoin have to be better bets in terms of SoV than USD/UST and more and more people and governments/central banks are realising this.
China (God) mines most of the gold in partnership with who? The crown!?!
The old captains are shifting their treasure chests. Gold bars instead of gold rounds? Tenth of an ounce or ounce mint? How about paper maps, mined from their own mountains, dams, etc.?
Stashed below deck of the ghost ship while the dollar’s sails fray in the wind with the bitcoin submarine saying hoorah!
Retail sailors have just spotted the glint and rushed aboard, but the great fleets—China, BRICS—have been hoarding the shine for years. Optimism in swift? Nah.
Oak Flats (Apache Stronghold)!
The sea’s no longer ruled by one flag; it’s turning multi-harbored. Gold and the Bitcoin—submarine is the new compass, gauge and directed energy sluice box of value—guiding smaller ships once loyal to the high tide fading like a petrodollar reinventing itself (Middle East?) for the low tide.
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