Totally agree and this is definitely adding fuel to the fire to say the least! There are an abundance of factors at the moment that really make Gold very compelling.
I've also started recommending The Bubble Bubble Report on Contrarian Capitalist as well Jesse. I hope that this helps!
In Vietnam, the God of Wealth Day (10th day of the lunar calendar) is approaching, and people are selling off their gold at an unprecedented rate. While international gold prices have been rising recently, Vietnam’s domestic gold prices have dropped due to the surge in selling. Many may be offloading their gold out of fear that prices will decline after the God of Wealth Day.
May I ask a question that could illustrate my ignorance? Why is the bid higher than the ask on the charts for the SHFE, or am I not reading it correctly?
I often wonder what the revaluation per ounce would be if the U.S. actually returned to the gold standard.
Another great post with valuable insight, Jesse.
That raises another question—would they even let individuals continue holding gold, or would there be some form of confiscation followed by a revaluation? It’s not the 1930s, but it’s hard not to speculate.
I also think about what would happen to people with mortgages in the event of a currency devaluation. When digital currencies are introduced, how would everything tie together?
Would mortgage payments be limited to gold, silver, or stablecoins?
Great analysis. Thought provoking.
And very convincing evidence that a new bull market chapter for gold is starting.
Thank-you Jesse.
Thanks for reading it!
Totally agree and this is definitely adding fuel to the fire to say the least! There are an abundance of factors at the moment that really make Gold very compelling.
I've also started recommending The Bubble Bubble Report on Contrarian Capitalist as well Jesse. I hope that this helps!
Thanks! I've recommended you as well. Keep in touch :)
TYVM Jesse. Note also the short squeeze in London…these two phenomena could become the perfect storm. https://open.substack.com/pub/jensendavid/p/metal-lease-rates-blowing-out-in
Yes, I've been following that story closely and wrote about it a few days ago:
https://thebubblebubble.substack.com/p/london-gold-shortage-exposes-the
In Vietnam, the God of Wealth Day (10th day of the lunar calendar) is approaching, and people are selling off their gold at an unprecedented rate. While international gold prices have been rising recently, Vietnam’s domestic gold prices have dropped due to the surge in selling. Many may be offloading their gold out of fear that prices will decline after the God of Wealth Day.
That's interesting - thank you. I doubt the domestic price will stay low for very long.
Those charts really tell the story of what is happening behind the scenes! Wow!
May I ask a question that could illustrate my ignorance? Why is the bid higher than the ask on the charts for the SHFE, or am I not reading it correctly?
I often wonder what the revaluation per ounce would be if the U.S. actually returned to the gold standard.
Another great post with valuable insight, Jesse.
That raises another question—would they even let individuals continue holding gold, or would there be some form of confiscation followed by a revaluation? It’s not the 1930s, but it’s hard not to speculate.
I also think about what would happen to people with mortgages in the event of a currency devaluation. When digital currencies are introduced, how would everything tie together?
Would mortgage payments be limited to gold, silver, or stablecoins?