RE: Groupthink and echo chamber25 Apr 2025 16:46
Gold price is not driven by inflation, by supply and demand, by the cost of extraction or by derivative manipulation.
Gold is a proxy for the loss of confidence in THE SYSTEM.
The DeDollarisation, the polarisation of the USofA, the EU retar*ation, war drums, increasing authoritarianism throughout the Western world, increasing debt levels and interest repayments, the BRICS, the weakening of the PetroDollar system, the SWIFT lockouts, BRICS integration, the NATO drive to WW3, The EU CBDC announced for October 2025...... all of the above.
Gold first, other monetary metals second, are a derivative of the loss of confidence in the system of government all over the West. We are due a reset. The last one was during the 1930s. Pretty much all the governments reneged on their bonds. That's including the majority of the US banks, some US states, the British Empire, pretty much all of the European governments ( Germany being the poster child ) and the rest of the world most of all. ( now called Emerging Markets )
So...... Buy and hoard your gold and silver, with physical first, but funds and mines a second choice, then sit back on your rockin' chair, take a big bite of your chewin' tobacco, and spit on the head of that old yella' dog. You're gonna be fine.