The comex POG has been dictated to by a 5000:1 paper derivatives to physical ratio.
Now that the price in the east is driven back to physical vs derivatives in the west, true price discovery is approaching as western gold in vaults moves east due to price arbitrage (higher POG on Shanghai's exchange).
The big thing no one is talking about is gold as an oil currency. 2014 you got 8 barrels per oz, today its 25 barrels per oz.
That eclipses any of the woes on the debt that we are fed in the western financial media.
Gold will be repriced based on the oil market and a move away from Petrodollar (USD) pricing mechanism.
That's a massive paradigm shift, that will move the dial but everyone is still operating under the lens of the last 40 to 50 years which has shifted in the last 3 years when gold broke out even when interest rates went up in late 2022.
When the aha moment hits the bond market, the move will be parabolic and everyone in the meantime is scratching their heads as gold goes to $2500 then $3000 USD.
The genie is out of the bottle.
BGD Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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