Loading ...Yeah, apparently they didn’t get the memo. It’s pretty amazing to me that 30 tons is a drop in the bucket in terms of the amount of dollars spent compared to the amount spent on other stuff.
It seems obvious that gold will need to be repriced in dollars and other fiat currencies in order to mop up all the fiat floating around, and definitely repriced if it becomes a backing mechanism for future transactions.
I guess when we start seeing big swings in gold like $100-$500 a day, we’ll know it’s game on.
Doing OK tonight so far. Silver battling $24 again, will be interesting to see what happens once that finally falls.