The last five years have seen a significant shift in sentiment among central bankers worldwide, away from the dollar and towards gold.These are the last movers in many ways.But they are also big movers.Source: https://t.co/y9NSpQieGp ...

Central bankers expect to buy more gold. https://t.co/9geR4rchm5 ...

"Abolish the trade" is about as crazy as "abolish the police", but I guess we are in the time of crazy now.Zane Hengsperger (@zanehengsperger):The premium on domestic metals will continue to surge amidst tariffs. Demand super high locally, mill lead time rising, and increasingly hard to get hands on cheaper materials. We are nearly 50% above global prices.Tariffs without supply chain is just a tax on the US https://t.co/zi8X0Sgbrm ...

When fiat is inflated it slowly goes to zero.When it is frozen it temporarily goes to zero.And when it is seized it instantly goes to zero.But hard money cannot be inflated, frozen, or seized. ...

DECOUPLING FROM DOLLARSThe US sends India billions in printed dollars for valuable goods. This is actually the US government ripping off India, like it does Vietnam, and everyone else, including its own citizens...not vice versa.To be precise: last year India exported $87B of valuable goods to the US for $42B of goods plus $45B worth of increasingly worthless dollars:That difference of $45B was, effectively, made up by money printing, which the Fed does at will:The current administration incorrectly thinks ...

Bukele Kuan Yew.Ordered liberty.The juvenile libertarian thinks freedom is about anti-social activity. The mature pragmatist understands that a virtuous, self-disciplined society actually maximizes practical freedom.Nayib Bukele (@nayibbukele):Normas mínimas / Basic rules https://t.co/9bEguO0VQt ...

But why are gold prices rising? Because BRICS is stacking gold bricks, and the Russian sanctions eroded the store-of-value function of the dollar.And why did the Fed hike rates and devalue Treasuries? Because inflation was eroding the purchasing power of the dollar. https://t.co/PkkYeWPggWDaniel Di Martino 🇺🇸🇻🇪 (@DanielDiMartino):@balajis This is just the mechanical effect of rising gold prices and reduced US treasury value amid higher interest rates... not that gold holdings and treasury holdings changed m ...

Or the dollar almost halving.The true rate of inflation is the rate at which the smart money is exiting the US dollar for hard money.Luke (@LukeHeapwalker):@balajis Most of this is just gold price almost doubling. ...

The dollar is losing reserve currency status. It’s down to 42% of global reserves, and gold is rapidly rising. https://t.co/U4NPAStLBB ...

Well… is it good for someone with no experience in allocating capital to suddenly be put in charge of allocating billions?Also, it’s not clear that career politicians actually have less in the way of conflicts-of-interest than businessmen. Career politicos have many interest groups to propitiate.vasanth (@NextVasanth):@balajis isn’t the implicit point that political billionaires are not professional capital allocators, so they would allocate their budget based on a different set of principles (not maximizin ...