It is why our Western manipulated financial world is being dismantled. Don't worry though - IMO, when Trump, Bessent etc decide it is time to "monetise the US balance sheet" (as Bessent has stated) - the reins will be taken off and the gold price will be unleashed so their unpayable debt can be "inflated away" (as Trump has stated). I reckon these "force downs" are just attempts to shake out the weak holders so they can mop up more for themselves....
Gold is to be recognised as a Tier 1 asset on the US balance sheet on 1 July this year. Why would they leave a Tier 1 asset at the current price of ~USD$42 when the Spot Price is well above USD$3,000? The only question is - how far will they go with the price when they re-value their gold?
I believe they will probably also use that time as an opportunity to introduce a new financial system as it is clearly on its last legs. This will also have the effect of pushing up the gold price.
I will continue to hold thank you.
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