"20% of energy purchases are now done outside the USD"
That right there is the key, 20% will only go higher, not lower because this now means countries do not need to have USDs to purchase energy, the base layer of money, and guarantee their energy security without fear of sanctions.
Say goodbye to currency crises like the Asian Financial crisis of the 90s which was a dollar crisis for those Asian nations. Gold is the only neutral reserve settlement asset (replacing USTs of last 5 decades) that countries trust and is a store of value unlike paper created USTs.
Of course Central banks (aka market makers) will keep buying gold. Miners will catch a proper bid when the western markets realise what the new normal is and position for leveraged upside in quality PM plays.
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4 | 56085 | 0.365 |
4 | 182261 | 0.360 |
6 | 43015 | 0.355 |
10 | 228015 | 0.350 |
Price($) | Vol. | No. |
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0.375 | 100785 | 2 |
0.380 | 338924 | 7 |
0.385 | 450739 | 12 |
0.390 | 376186 | 4 |
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