X @PlanB

RT Peter Girnus 🦅 (@gothburz)I'm a Reserve Manager at a central bank.My job is buying gold.297 tons this year.Quietly.While we print money.Loudly.Gold hit $5,000 an ounce yesterday.We've been buying since it was $1,800.That's called "reserve diversification."Diversification means we don't trust our own currency.But we can't say that.So we say "diversification."The Governor went on television last month.He said inflation is "anchored."Anchored means 6%.Used to mean 2%.We moved the anchor.That's monetary poli ...