Gold revaluation...
Large financial institutions have always held gold on the books as a reserve asset. This is nothing new. However, there has been increased buying by these same institutions in the last several years. Globally, many large financial institutions are buying gold...a lot of gold. Some have even begun to include silver.
Why?Are sovereign currencies so battered, debts so large, and governments so desperate that a gold revaluation becomes necessary to keep this global fiat ponzi cranking along? What does the future of money and finance look like to them? What does the financial future look like for average retail traders or consumers? A
penny nickel for you thoughts is welcome.
Genius Act...
How would a gold revaluation play into the Genius Act?
- Bonds and Treasuries
- Stable coins
- CBDC
- Asset tokenization
- Fiat dollar
- Forex currency pairs
To be fair, no one has a crystal ball or can see the future. Given the current trajectory, I would speculate that all governments and central banks are coordinating something big. I believe they know this Keynesian ponzi has reached the end of it's usefulness and they need a new scam before social upheaval pours into the streets of 1st world nations. I believe the US will lead the way and I think they are getting close to rolling out whatever new system or scam it happens to be. I'm sure Trump will want to be in charge of it. I don't think any other politician has the stones to take on such a yuge task.
What would a gold revaluation mean for people who have invested in precious metals? Are we going to be mega wealthy overnight? Not very damned likely...LOL. Are we going to be forced to hand over our gold and silver via executive order ...not very likely either...though they may try.
I think we're about to get a huge market distraction...something black swan-esque...like the Japanese carry trade blowing out. Government and central banks will need/find a "reason" to implement this new system, which has much better guard rails and consumer protections. Right...I don't believe in any new guard rails or protections either. I do believe a gold revaluation is going to play a large part in getting this new financial system rolled out, but only on the banking side of the equation. After this new system is implemented, the only place we get to see hard money again is in a coin shop or through someone's private collection. The world is moving to 100% digital money. We can trade our gold and silver for whatever digital money is used in the new system. Or, we can continue to hold on to it. Who knows how long the new system will last.