Lately, I have been wondering why the U.S. dollar price of gold is showing so much support. Interest rates are high and most commentators that I follow say the retail folks are selling. (ETF's)
There are many interesting charts on this link below and one that caught my eye is the recycling of gold is creeping up. I would bet this grows with the price and adds some supply to the picture.
What do they know that they are not warning or telling the general public?
Looking around the World Gold Counsels website you can see who the biggest buyers of gold are.
- China
- India
https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2023/chart-gallery
From what I can figure they are unloading other currencies at a slow pace so they don't rock the boat and are getting ready for some form of reset to the global monetary system that is on the path to hyperinflation.
Will Bitcoin be a part of this reset or will the CBDC become the way to settle the books between countries? It looks like an answer to this will soon be revealed when they have filled their vaults and are ready to pull the plug on this whole thing.
This is all speculation on my part and I am looking for ways to protect my life savings.
I have gold and silver with a position in the mining sector. I don't trust the markets anymore so it is hard to think of new ideas other than prepping and crypto.
What do you all think about this and what are you doing to get ready for the reset? Will @pocketchange become the next guru with his thoughts and actions getting ready for the reset?
Only time will tell, lets hope it all works out for the better!
Thank you for reading my blog and have a great day!
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