...........No one likes hard macro facts, especially at holiday parties, so I’ll sip my champagne in silence and share my views here instead........
(Read full text at link below)
.............And in the years ahead, they’ll get a fairer gold price on the SGE than in London or New York, which means the West will soon have to behave on actual supply and demand principles rather LBMA bank price manipulations…
Iconic America has devolved from a gold-backed currency and the world’s leading creditor, manufacturer and trade partner to a debt-soaked America with a gold-welched-dollar and is now the world’s biggest debtor, weakest manufacturer and open loser to a trade war with China.
This is hardly a proud evolution from its Greatest Generation…
In short, the iconic America is no more, and there’s a far better Sharpe Ratio in gold than there is in topping risk portfolios…
Like it or not, believe it or not: Gold is rising because the home of the world reserve currency with its shining façade of free market price discovery has lost its way, replacing capitalism with feudalism and altruistic leadership with egotistic opportunism.
If WE know this. So too does gold.
https://www.zerohedge.com/markets/2024-markets-end-crappy-year-beginning-worse-one
