Gold prices mirror reduced purchasing power: Rule (youtube.com)
Non US central banks, Poland India China Czech are big buyers. ‘As little as they trust the US, they trust each other less.’
15 weeks ago retail jumped into gold. Partially because the rise in gold (countries buying reserves) justified the narrative for them. Partially because they've come to be concerned about the same things nations are, decrease in purchasing power. 10 year US treasury. Over the past 5 years, we've seen that the basket of goods price for Americans is rising faster than their wages and savings. CPI not measuring this accurately. Many say the real decrease in purchasing power is 7 or 8% rather than the 2 or 3% official number. ‘Real negative deposit interest rates drives people away from conventional savings products to gold’ like in the 70s.