Working on something now that if it proves to be true, and as of right now it’s pure speculation, but it’s in line with all observations about brics about gold vaulting network expansion and China’s need to internationalize the Yuan and how ( having personally introduced the concept that it’s not about dollars it’s about bonds now over a year ago as a counter to the milkshake theory.) the bond market in the US is more important than the dollar itself as it relates to exter pyramid.
Probably won’t be ready for a couple days, but for the first time I can say I see gold having upside in five figures if it were to come about. Not only that, it would put Silver in three figures easily. Again speculation for the moment but Very likely path given all the steps taken thus far by China to get off dollars.
Here’s a hint: part of the Bric‘s plan is to unlock the value of gold in the poor countries that have a lot of gold to enable them to use gold to finance their own infrastructure build outs.

I’m actually saying it five figure gold and three figure silver. Silver would benefit tremendously if what can unfold does unfold. It’s the only reason other than complete economic catastrophe that justifies the “real money” buying gold at 3500. .. so far anyway.
@KingKong9888
@oriental_ghost @DavidLe76335983
@TFL1728 I may have to cowrite this with one or more of the people CC’d on this post.
It in many ways is a group effort of people from different points of view converging on it.
A true consilience of efforts all pointing to the same (potential) outcome.

1- The Case for Revaluing Gold, and Retiring US Debt With it- Feb 13th, 2025

2- HOW GOLD WILL BE MONETIZED
3- SWF: AS A DEBT RETIREMENT FUND
4- SCOTT BESSENT’S HAMILTONIAN HYBRID
5- SOURCES
6- FOOTNOTES
Directly relates to @matthew_pines recent post. He's right 2- HOW GOLD WILL BE MONETIZED

Revalue Gold >> Borrow 800BN at 0% >> Buy 5% US Debt

1-Mark Gold to a more realistic price- Reset the Gold
2- Borrow (not sell) against the Reset price- Monetize the Gold
3- Retire US Debt with the windfall using a QE/sinking fund concept - Reduce the Debt

Gold has always been tied to Bonds for true finance people. This is the way to re-express that tie without demoting either asset. Bet on ourselves. The world will follow

Excerpt: Mercantilism is Dangerous, But Globalism is Dead
[link in last post]

Nobody said Globalism’s replacement had to be better or even *new*.

That, we contend, is the ultimate conceit of post-enlightenment humanity: Specifically that we are *always* progressing and improving teleologically:
•That is what got us into this mess in the first place.
•That is why the BRICS are doing what they are doing.
•That is why Gold is resurging as money again. Some things cannot be improved upon.
1/5 Thinking Globalism will return or that something better is coming tomorrow is ideal but premature. We want to believe that. We truly do. We believe the arrow of humanity is pointing upward. But that arrow does not point in a straight line. Thus, to ignore the cyclicality of things is to ignore history itself.
2/

Fort Knox holds "Nothing But Moths and IOUs"
A story in pictures
1/7
substackfwd.xyz/?url=https://v… 2/n Fort Knox holds "nothing but moths and half-eaten IOUs."

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 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.
To continue:
Governance and application will be along ideological and cultural business lines for each region.
The playbook for gold in the west will be similar to the playbook for bitcoin becoming a spot ETF here.
(They had to get btc under control before this global gold thing started)

That is: make sure the public does not view it as a monetary replacement for the dollar. But we can encourage demand as long as we can control the flows into it as an asset class with qualities that hedge the dollar.
(Gold bonds, tokens, etc etc )

That’s what’s happening to gold in the western public. Consistent with the ideology (Keynesian fiat) and business practices.
Gold-flows out of the country will be inhibited/controlled by products.

The western governments Will use gold for international trade in a Mercantile system with their eastern counterparts, but their people will still get dollars.
They can buy gold with those dollars. But gold will not be the currency, gold will be an asset class to be invested in.
The dollar remains a weakened king currency, but not king SOV.
In the east , variations of the above will occur, but gold will be viewed as more than an asset class to be invested in.
But that gold will be state controlled at the border.

And if this all works. Silver will be next.. but only after the gold one is tested and works.
All Conjecture of course.

Good luck

1/nChina if it survives its economic problems now they will be on a gold standard when it’s done. the reason to buy all that gold is to back the yuan as an SOV. They’ve already printed that yuan for their economy. 2/nThey just need to make sure that it’s backed by something other than Treasuries as a reserve asset. If they get this right when they come out of the box financially, it’ll rock the world.

How Bitcoin is being throttled. You may own it, but can you use it? This creates liquidity gaps (he calls it non fungibility) where you can’t get access to it, which is essentially makes it permissioned. You have it. It exists.. but they make all bitcoin blscklisted unless you “check in” with them. Which in

Pozsar's "War"Swansong post
1/n 🧵
The best transition from part 3 on QE/YCC to this final actionable post is a comment by ZH from a "Checkmate-Like Situation... "Picking up on what Bridgewater's Bob Prince said in October, when he warned that “the amount of government debt that 2/ will need to be absorbed by the private sector in [2023] is larger than at any time outside of world wars”, and..... that "with US/Japan/EU/UK governments all set to issue $6 trillion in bonds in 2023", the Fed will either step in

When the Shanghai exchange reaches critical mass in volumes, pricing power moves to the east. Then the dollar loses its status as dominant currency in Albany name. It’s about volumes now.

https://twitter.com/JeremieRoy_/status/1620966074949984258

It’s over guys it’s a done deal. Infrastructures are in place. Ideologies are set Money is moving. It’s a matter of when. The only real obstacle is domestic economies or war. If the Chinese economy collapses for whatever reason they all collapse and the USD retains status.

In response to @JLloydBracken and @jameshenryand
Cc: @TFL1728 (mentioned)

Canada will nationalize gold mines if need to.
US can/will nationalize a portion of gold mine production, by being its best “free market” customer.
The fed owns a call on every ounce of gold made in the US.
You can’t nationalize silver…what happens then?
75::1 becomes
16::1 That’s how it can end if Asia pushes gold as money. @ArcadiaEconomic

What if the miners are weak because they have no gold to hedge…
What if they are under contract sell to US directly now….
What if the mint is sourcing coin metal directly from miners now to avoid depleting comex publicly.
Nationalization can be done in degrees… Do yo you think securing domestic gold supply is *not* in the national security interest of the USA given what is going in now?
What did we suspend gold W/d in 1971 to begin with?
Do you think Zoltan is making it up and he’s a genius or he just knows what’s going on?

GOLDEN YUAN. BRIDGE OFF USD TO PETROYUAN
🧵 ✅China buys Russian oil with gold
✅Ru swaps gold* for yuan (w/Chi)
⏳Ru buys goods from China/Brics

*Gold never leaves China using blockchain and trust

1/8
The End of Western Rehypothecation- Pozsar Style
Housekeeping/PSA:

This was written on December 26th for GoldFix subscribers and was unlocked because it may be too important to keep under wraps. . This is parts 2 and 3 of a premium post. Part one was shared with ZeroHedge 2/
readers Dec 27th (link at bottom). Last night we read ZeroHedge's 5800 word analysis and explanation of Pozsar's Dec 27th missive on rehypothecation. We strongly recommend you read it after this (GoldFix Founders are also ZH premium subscribers) Then we strongly recommend you

what if, and this is not a joke.. stocks are steady bc fed games, gold and commodsare up because of Brics games.. and we are already in a damn depression and dont know it yet
western capitalism can grind to a halt with this shit 6 months ago if you asked, i would have laughed at howstupid wed be ot let this happen

but with these last 2 Zoltan things...... and the market behavior... its no joke. OUR LEADERS ARE THAT DUMB AND THAT UNCARING OF THEIR CITIZENS

1/20 Intro: Zoltan Was Right, Japan Folds
All the cool fintwit kids are doing it Thread🧵

There will be alot of opinion pieces coming out on this. The purpose of this one is to help you get a handle on what happened, and from there you can make your own more informed opinion. 2/ It’s an area we feel comfortable writing on in a very broad sense. What follows is a hybrid of questions we asked ourselves, explanations we had to refresh on, and facts of the event
Our own opinion hasn’t changed ( anti-goldilocks)...

The OBAMA TRUCE

Have you noticed Biden admin has gone to a “no drama Obama” type playbook recently? Consider these broad differences between now and 2 months ago Between the SPR refill thing, price cap being downplayed, lack of confrontational rhetoric on both sides, Russia reducing exposure in winter, midterms over, OPEC stopping their frequent meetings (that's what made us think), EU quietly adding nuclear to acceptable fuel..

1/Unpacking Goldman's Supercycle Report for 2023 🧵
Contents:
1-Background
2-Summary
3- Bullish Thesis
4-GS on what happened in 2022
5-What are their Catalysts?
6-Why Do Supercycles Happen?
7-What are Caveats?
8-Contingency Plan for Oil and Metals
9-Bottom Line
10-Bottom Line 2 2/ Background
Goldman is telling clients the supercycle they identified in 2020 is still in play for 2023. This year the driver for their thesis is underinvestment. The lack of investment applies not just to Capex, but simple inventory management. They have noted correctly for

Fwiw: a monetary policy analogy.

https://twitter.com/digitalcerebro/status/1603144128237387778

If this is how monetary policy transmits: and the ball is money, and the intersections= ppl/entities interacting w/ it; then monetary policy assumes the transmission is: simple, its participants constrained (and rational) and behavior is deterministic. 1/

https://twitter.com/lynaldencontact/status/1603419530486743043

This (in context) is part of how MMT thinks. Money is only a medium of exchange, not a store of value. And why debasement is ok.1/

https://twitter.com/SocialistPlus/status/1603314579844497410

And why when combined with price caps, it’s even better.

And finally why.. when there is scarcity on the exact thing you capped price on while giving unlimited money to buy, you begin to realize it won’t work unless everyone on earth does it 2/

A 🧵
Imagine what would happen to the economy if Jerome Powell said in order to quell inflation it would be helpful if people stop spending so much money. “Therefore I implore people to save more at the higher interest rates that are out there” he’d say . He can’t say that even though it would stop inflation on a dime. Why not? Because the economy would collapse. This is why he can’t win. this is why the more successful he is in controlling inflation the worse it is for the economy to the third power in this leveraged day and age