DarkRange55
We are now gods but for the wisdom
- Oct 15, 2023
- 2,127
(A piece by friend and esteemed Nobel prize winning economist)
Pay attention to the last paragraph.
Gold and our political economy
Hmm
(A piece by friend and esteemed Nobel prize winning economist)
Pay attention to the last paragraph.
Gold and our political economy
Hmm
I wonder whether what happened under Theresa May in UK could repeat itself in the US in Trump's second term. I don't say its likely. But it doesn't seem fully impossible anymore...
(A piece by friend and esteemed Nobel prize winning economist)
Pay attention to the last paragraph.
Gold and our political economy
Hmm
DarkRange55
We are now gods but for the wisdom
- Oct 15, 2023
- 2,127
Deutsche Bank's latest analysis (see attached file), notes that gold now represents roughly 30% of global FX and gold reserves, signaling a structural shift in central-bank diversification away from the U.S. dollar.
If this trend continues, gold could effectively serve as a quasi-reserve currency—a neutral anchor in a world of declining confidence in fiat money. While it can't function as a full reserve currency (it doesn't circulate, pay interest, or finance trade), gold's attributes make it a powerful parallel asset:
• Universally accepted: free from counterparty and sanctions risk
• Highly liquid: easily sold or swapped globally
• Politically neutral: not issued by any state, so it can't be frozen or devalued
In essence, gold could be re-emerging as a stabilizing store of value and partial alternative to the dollar's dominance in global reserves.
…
However, the Krugman post (above) on Gold and the JMKeynes reflections regarding gold and reserve currency and markets. Those main stream economic comments still hold for many other orthodox economists.
FX rates reflect the underlying health / growth of various economies. $ down when it is not managing things too well. Like these days -- so flight to gold.
If this trend continues, gold could effectively serve as a quasi-reserve currency—a neutral anchor in a world of declining confidence in fiat money. While it can't function as a full reserve currency (it doesn't circulate, pay interest, or finance trade), gold's attributes make it a powerful parallel asset:
• Universally accepted: free from counterparty and sanctions risk
• Highly liquid: easily sold or swapped globally
• Politically neutral: not issued by any state, so it can't be frozen or devalued
In essence, gold could be re-emerging as a stabilizing store of value and partial alternative to the dollar's dominance in global reserves.
…
However, the Krugman post (above) on Gold and the JMKeynes reflections regarding gold and reserve currency and markets. Those main stream economic comments still hold for many other orthodox economists.
FX rates reflect the underlying health / growth of various economies. $ down when it is not managing things too well. Like these days -- so flight to gold.
DarkRange55
We are now gods but for the wisdom
- Oct 15, 2023
- 2,127
Some analysis by your "favorite" conservative Russian rag
Enough Is Enough - Gold’s Euphoria Turns Dangerous | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Gold: If There Were Signs… Well, There They Were | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Global Stock Rally Pauses As Gold, Silver Slide From Record High | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Silver’s Melt-Up Meets Gravity - The Party’s Over | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Precious Metals Pummeled As Silver 'Tightness' Eases, India Demand Slows | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Is The Gold 'Correction' Over? | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Upside Panic Reloaded: Gold Monthly RSI Hits 93! | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
I cannot bypass their paywall anymore. They powered the paywall up recently. We will see how it develops. I am more curious where it will be in 5-10 years.Some analysis by your "favorite" conservative Russian rag
Enough Is Enough - Gold’s Euphoria Turns Dangerous | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Gold: If There Were Signs… Well, There They Were | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Global Stock Rally Pauses As Gold, Silver Slide From Record High | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Silver’s Melt-Up Meets Gravity - The Party’s Over | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Precious Metals Pummeled As Silver 'Tightness' Eases, India Demand Slows | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Is The Gold 'Correction' Over? | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Upside Panic Reloaded: Gold Monthly RSI Hits 93! | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
DarkRange55
We are now gods but for the wisdom
- Oct 15, 2023
- 2,127
I know you can't read this but:
'Old' Gold Dumped, 'New' Gold Pumped As Trump Trips Stocks | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
DarkRange55
We are now gods but for the wisdom
- Oct 15, 2023
- 2,127
What On Earth Happened To Gold Today? A Few Shocking Charts From Goldman's Commodity Desk | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
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