If gold could talk... The recent development of the gold price is more than just alarming from the point of view of those who defend the fiat credit money system. Gold speaks a clear language of the accelerated debasement of 'money' and provides an escape vector for those who take the world's over-indebtedness into account. Considering that Bitcoin is now following this path with a multiple, the current year should be exciting!
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BRICS nations led by China are buying gold rather than US bonds.
The USD is in decline.
More and more international trade is conducted via Chinese channels completely outside of the USD/SWIFT/IMF/BIS/World Bank hegemony.
I agree with your analyzes on geopolitics. I don't believe we're even close to seeing the dollar decline, and I don't think China wants that either, at least right now.
If Brics' audacious plan is put into practice with greater intensity and involvement of its members and associates and has unity of economic thought... which is not an easy task, a long work will need to be carried out to result in success. For example, in Brazil at the moment, there is a lot of criticism, mainly from some left-wing parties, against President Lula for his strategic distancing from the Brics bloc after the agreement with the European Union and for refusing to participate in the new silk road.
India has long ties with Russia especially in military hardware and Russia is now highly reliant upon China for the facilitation of trade payments and the sale of its gas and oil.
In fact for nearly all nations on earth today trade with China is almost essential ~ as to not trade with China will result in a significant loss of economic opportunity.
Trade payments routed by China are the tertiary level of the Belt and Road.
There will be resistance, and it may be a gradual process- the Chinese are in no hurry- but there is a tipping point where it becomes both inevitable and rapid.
I would say that China is leading the great golden repurchase that we are seeing for the central states and banks, not counting private investors that cannot be seen from our perspective.
"Gold is marking the way"
https://media.tenor.com/qflNg3SmkqIAAAAC/gherkin-pifi.gif
Only gold members in this community. 😁
My friends who are cynical about Bitcoin do see value in gold.
So close yet so far!
Gold is somewhat more established, tangible and rather less burdened by FUD.
However its only a few smallish steps from understanding gold to understanding Bitcoin.
But do they even actually own any gold?
This gold bug lays out whats going on in the COMEX
view on www.youtube.comAh, thank You
"Let us remember that gold 🪙 is the canary in the mine."
Always has been
Yep gold is making ath on ath