[theluckycountry]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('theluckycountry', '[')b]Platinum

This morning, having a coffee on the balcony where I watched the sun rise over the mountains...

[theluckycountry]

$this->bbcode_second_pass_quote('', 'W')hy the large gold holdings and why the rapid additions to gold reserves if gold is not a monetary asset? The question answers itself. Gold is a monetary asset. Central bank net buying is equivalent to about 20% of annual gold mining output. That does not indicate a gold shortage, but it does put a firm floor under the dollar price of gold.

That creates what we call an asymmetric trade. On the upside, the sky’s the limit, but on the downside, the central banks have your back to some extent because they will definitely buy the dips to increase their gold hoards. That’s the best type of trade to be in. So, the stage is set. The simple maths of easier percentage gains for constant dollar gains is the dynamic that can set off a buying frenzy and lead to super-spikes in the dollar price of gold.

Central bank buying causes a relentless increase in the dollar price of gold and offers limited downside because they will buy the dips. All that is needed to set off the super-spike is an unexpected development that is not already priced in.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')You have a little lowset house don't you, no wonder you have to go outside to eat with a view.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')I've never visited gang-infested third world nations and have no intention to.

[theluckycountry]

Ahhh, trusty old adam, trusty like an old dog nearing death. When people talk of crypto be owns a lot of crypto, when people discuss gold he owns a lot of gold, he owns everything, yet he drives used Nissan Leafs that can't leave the city limits without running flat

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'A')hhh, trusty old adam, trusty like an old dog nearing death.

[theluckycountry]

$this->bbcode_second_pass_quote('', 'W')hat was once dismissed as contrarian commentary by many is now being echoed by mainstream media across the world: the dollar’s role as the global reserve currency is no longer unquestioned... In just the past year, the U.S. dollar has lost over 35% of its purchasing power against gold, driven by record central bank gold buying. This isn’t a trend, it’s a signal.

The Treasury Market’s Safe Haven Status is Eroding and Gold is the Refuge

For decades, U.S. Treasuries have functioned as the cornerstone of global finance, seen by investors and institutions as the ultimate safe haven. That narrative is now fraying. “There is a liquidity crisis,” Piepenburg told me. “There’s simply not enough grease to keep this system going.” Rather than providing stability during periods of volatility, U.S. government bonds have started to behave more like risk assets. In recent market turmoil, yields rose when they typically would have declined, highlighting the growing fragility of the system.

The Rise of BRICS and the Global Move Away from the Dollar

The de-dollarization trend, long discussed in policy circles, has become an observable reality in the wake of U.S. sanctions against Russia. What began as an assertion of geopolitical power has accelerated a multipolar financial realignment. “Since the weaponization of the U.S. dollar in 2022, 45 countries are now trading outside of it,” Piepenburg told me. “Thirty countries have repatriated their physical gold. That’s not a coincidence, it’s a reaction.”

He pointed to the critical shift that occurred when the U.S. froze Russian central bank assets. For many governments, that action shattered the illusion of the dollar as a neutral global reserve. “When you weaponize the world reserve currency,” he said, “you undermine the very trust it depends on.” Nowhere is this shift more evident than among the BRICS nations, Brazil, Russia, India, China, and South Africa.

While rumors of a BRICS currency circulate around the world, Piepenburg clarified the group’s actual intention: “They don’t trust each other’s fiat currencies either but they trust gold.”

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', ' ') Coins I bought in 2004 @ $650 are now worth $5000

[AgentR11]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('theluckycountry', 'C')oins I bought in 2004 @ $650 are now worth $5000

[theluckycountry]

$this->bbcode_second_pass_quote('AgentR11', '
')
Maybe some were in Kindergarten when gold was $600 an ounce, not a real high point in life for investing. Still a good call. Though gold has never been S5k.

[theluckycountry]

$this->bbcode_second_pass_quote('AgentR11', '')$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('theluckycountry', 'C')oins I bought in 2004 @ $650 are now worth $5000

[AdamB]

$this->bbcode_second_pass_quote('AgentR11', '')$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('theluckycountry', 'C')oins I bought in 2004 @ $650 are now worth $5000

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Dear oh dear, the American outlook, it can't see beyond Hawaii
You are both wrong.
$650 was near the lowest it ever got in AUSTRALIA.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')So whose stupid now adam.

[theluckycountry]

Talking to yourself again are we? Posting pictures of kangaroos and meat pies
I'm going into town to do some shopping and pay a rego on a bike. I'll get a log of scotch fillet steak this week I think, did your father ever tell you about that cut adam? Super succulent, melts in your mouth! It was a common staple in America in the 1950's Enjoy your cereal instead.

Let them eat Flakes: Kellogg’s CEO says poor families should consider ‘cereal for dinner’

[careinke]

Gold and silver are both killing it. Pretty sure Gold has just passed the S&P when measured over last ten years.

We hold gold but only in jewelry form, no paper gold. The gold looks way nicer on my wife of 50+ years than it would in some vault.

PEACE (I hope)

[AdamB]

$this->bbcode_second_pass_quote('careinke', '
')We hold gold but only in jewelry form, no paper gold. The gold looks way nicer on my wife of 50+ years than it would in some vault.
PEACE (I hope)

[theluckycountry]

No point in discussing Gold prices with people who don't even realize it's priced differently in different countries. A bit like discussing stellar evolution with a room full of astrologers. To them the stars are just pretty patterns in the sky that tell them when they are going to fall pregnant or when their dog will die.

Gold astrologers, I like it

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'N')o point in discussing Gold prices with people who don't even realize it's priced differently in different countries. A bit like discussing stellar evolution with a room full of astrologers. To them the stars are just pretty patterns in the sky that tell them when they are going to fall pregnant or when their dog will die.

Gold astrologers, I like it

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'N')o point in discussing Gold prices with people who don't even realize it's priced differently in different countries.