Hear me now, what the wealthy and powerful know: "real value does not have to always be stated or converted thruout time." Monetary Eschatologist
Joined April 2020
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36:00 'I was in a country in the Middle East, and also in Europe, and someone said we took our gold out of the vault in NYC...I don't want to leave my gold in America'.
youtube.com/watch?v=UkvigLsQ…
If the global oil market is fragmenting, so is the global gold market.
COLUMN: With freight rates ballooning to prohibitively expensive levels, the global physical oil market is breaking apart.
Now, it’s all about location, location, location: depending of where, crude today costs $70 a barrel — or $150 a barrel.
@Opinion
bloomberg.com/opinion/articl…
FOA: Gold is valued by the number of outstanding claims against it. Kind of like a house for sale with ten bidders. Each bidder thinks the house is in the bag because they have a valid bid ticket.
Think we r in last throes of credit gold price/ screen price discovery..
Some on X have written abt this a lot..as claims on limited physical ⬆️, paper price xau/usd⬇️..china has been draining physical Thru imports..55% world output this yr so far
H/t @mrwebber4
FOA A high physical "street price" will at least keep the dollar in play when price inflation begins. If the paper gold price rises from its present level, will gold stocks follow? Probably!...