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THREAD: Many comments on "what gold is telling us." Here's a take I haven't seen yet:

1/ Let's pretend the currency system is a human body. The US says it wants to de-couple from China; 20 yrs ago, we could've de-coupled & it would've been like amputating a finger or a hand.
2/ Even 10-15 years ago, perhaps "de-coupling from China" would've been like amputating an arm, or a leg from our currency system.

However, after 20+ years of $200-400B surpluses (USD exports), & China's (generally) savvy reinvesting of those USD exports...
3/ "De-coupling from China" is no longer amputating an arm or a leg off the currency system; it is like cutting out some critical organ like heart, the lungs, or the liver out of the currency system...
4/ Yes, we can do it, & it's probably the right thing to do, but the cold, hard math of the situation is that "US de-coupling from China" means the currency system as we have known it for 50+ yrs will die on the table, shortly after the critical organs are removed, UNLESS...
5/ Some entity or entities can provide the financial equivalent of a blood transfusion, or kidney dialysis, etc. to the currency system that will be left dying on the table without it.

Guess what that is? Yup, you guessed it...
6/ This is a take on gold as we have been looking at it for our clients at FFTT for some time, but it is a take I haven't read yet.

Let's watch.

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