So what is the speculative strategy of our most important central planners these days? Central bankers are long gold short US Treasuries.
10 sats \ 3 replies \ @Undisciplined 20 Dec 2023
Better than the inverse, I suppose.
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515 sats \ 2 replies \ @TomK OP 20 Dec 2023
The problem is that they know (as they are responsible) that a terrific wave of currency debasement is on the horizon and that 99% of the people have no idea what wall they will be hitting against.
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10 sats \ 1 reply \ @Undisciplined 20 Dec 2023
Are you thinking this is stocking up on reserves to draw people into their currencies and then pulling the rug with inflation?
I assumed these countries were insuring against whenever the Fed starts the printer up again.
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565 sats \ 0 replies \ @TomK OP 20 Dec 2023
The EU countries were selling bonds aggressively via banking campaigns this year to the people (BTFD mentality). IMO they only have this option: stabilize CBs balance sheet (gold) and then pull the rug over a decade to bleed purchasing power via inflation off the tax paying class. The UST selling could be to stabilize USD Eurodollar market that is crucial not only for the Eurozone credit cycle.
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