Shenzhen Shuibei #Gold Market on Saturday 6/6
When price pulled back, Chinese buyers rush in to buy
Gold jewelry RMB 1118/g $5143/Troy oz
Gold bar RMB 989/g $4549/Troy oz
Platinum jewelry RMB 450/g $2070/Troy oz
Silver jewelry RMB 20.8/g $95.7/Troy oz
Quantitative Easing (QE), whereby the Federal Reserve buys US Treasuries to finance the U.S. government’s deficit spending, is essentially printing money without restraint.
By contrast, a revaluation of the gold owned by the US Treasury (8,133 metric tons) would provide the US government with a finite liquidity boost; approximately $1 trillion at a gold price of $4,000 per ounce. Issuing gold bonds would theoretically impose discipline on U.S. government spending, because the gold would eventually have to be repaid.
Consequently, QE and unchecked deficit spending erode foreign sovereigns’ confidence in US Treasury bonds, while a US Treasury gold revaluation and the issuance of gold bonds would strengthen that confidence.
It doesn’t matter what regular people think of this. They are not foreign sovereign buyers of U.S. Treasury bonds.
✨💥100 oz SILVER GIVEAWAY to Celebrate $100 Silver!!💥✨
🎇SilverTrade’s Giving Away 100 oz of Silver if Silver Passes $100!!🎇
Enter at:
https://t.co/y9dWmblFpD
✨💥100 oz SILVER GIVEAWAY to Celebrate $100 Silver!!💥✨
🎇SilverTrade’s Giving Away 100 oz of Silver if Silver Passes $100!!🎇
Enter at:
https://t.co/y9dWmblFpD
We already saw a preview of how crazed sentiment can get late ‘25 into ‘26
Nice preview of how nutty the PM and commodity mkts will again get
Leveraged hot capital flows that make spot markets move most +-
And yes, they will pile into precious metals again thx to arithmetic
Copper: Goldman Raises Price Targets on US Stockpiling
Supply disruptions and U.S. stockpiling are tightening the market for everyone else
https://t.co/F23i43gZaR