In terms of supply and demand dynamics, 99% of all gold commentators (analysts, academics, investors, banks, etc) don't understand gold has a high stock to flow ratio, meaning there is an order of magnitude more gold above ground (212,582t) than what is annually mined (3,646t).

There seem to be some very old charts on the Chinese gold market circulating. #chartcrimes

Central planning in one chart.

Forty of the world's leading commercial banks have joined a G7-led pilot scheme with the New York Fed and leading central banks from Europe, Korea and Japan for a new digital currency platform designed to speed up and enhance cross border payments. The Agora project involves

.. what dollar rate?

Bucking Gold Repatriation Trend, Argentina Sends More Gold to London In July, the Central Bank of Argentina (BCRA) shipped another 3 tonnes of gold to the U.K. to swap for foreign exchange. A month prior, BCRA also transported 3 tonnes to the U.K. BCRA is now estimated to have

Russian businesses are using #gold to pay Chinese suppliers as a way to skirt economic sanctions. moneymetals.com/news/2024/09/1…

That can’t be good.

When butchers become vegetarians…

Amazing how economists can disagree on the simplest things about money.

Saudi Arabia ‘open’ to petroyuan, closer China ties, minister says sc.mp/ysf01?utm_sour…

The party's over.

Gold and Fed Funds

There is only one reason why the Fed cut 50bps this week... They MUST get front-end rates lower as this colossal wall of debt matures.

BREAKING: 🇺🇸 Louisiana state government now accepts #Bitcoin as payment.