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VBL’s Ghost
@Sorenthek
Game Over. The BW 3 Process likely involves some combination of the following: The decision to monetize gold on a global basis has already been made.
Every nation that’s in a position to, and every institution with a stake in the future of finance is setting the table for a big coming out party for some sort of official announcement.
They’re all doing it in different ways suitable to their culture, regulatory environment or business model. But everyone’s doing it. The announcement will come after everyone’s in place.
And it will probably rock the world if not for the price of gold. The other scenario is less exciting but equally possible.
The BRICS have an announcement of some sort coming out, and when that announcement comes out, it creates a whole new market for financial companies to participate in. Banks are creating “new product” to accommodate new demand in the reopened market. To the extent the West does not join in this, they will be missing out on a “new product“ to sell its own customers. Major western banks have already joined this. Their governments will follow passively if not publicly.
(HSBC left Comex recently while JPM increased its footprint in GLD while it drains. Don’t be surprised if JPM has a product soon too) In this scenario, there is no “big announcement” that the west joins. Merely a quiet adoption of the new rules and serial new products to accommodate growing unlocked demand. Some variation of the 2 above scenarios is happening Remember where you heard it first.
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IDKFA
@IDKFA3
Gold sells off during U.S. session and rallies during China, Hong Kong session U.S. no longer controls the gold price. China does.
Superpowers in this position go insane trying to regain it.
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Eric Yeung
@KingKong9888
#GOLD is doing this up and slam thing daily now?
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