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8 sats \ 5 replies \ @Coinsreporter 27 Mar \ on: Gold is the Real "Trump put" (Financial Times, Jonathan Guthrie) econ
Indian women hold 11% of world's total physical gold, so it's nonsense to call it Trump put. 😜
well, they're not trading it so they're irrelevant to the market price set at the margin
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This is ok but they are true holders of a Gold Standard. We can never call them irrelevant. Also their buying Gold is at at record highs.
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My understanding is that Indian women do fairly regularly make gold purchases and sales. Their jewelry truly functioning as a financial asset.
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Small fish, and as far as I understand, pretty price insensitive.
So no, I'd rather look at the central banks and major banks and billion dealer activities