Best corner of the world to pair lifestyle with building asymmetrical wealth in your investment portfolio.
As an Australian, very grateful this place exists.
🇵🇾🇦🇷🥩
I'm a Reserve Manager at a central bank.
My job is buying gold.
297 tons this year.
Quietly.
While we print money.
Loudly.
Gold hit $5,000 an ounce yesterday.
We've been buying since it was $1,800.
That's called "reserve diversification."
Diversification means we don't trust our own currency.
But we can't say that.
So we say "diversification."
The Governor went on television last month.
He said inflation is "anchored."
Anchored means 6%.
Used to mean 2%.
We moved the anchor.
That's monetary policy.
He said the currency is "sound."
Sound means losing 20% of its value.
Per year.
But it sounds sound.
That's what matters.
We bought 45 tons in November.
Poland bought 95 tons.
Brazil bought 43.
China reports 1 ton.
China is lying.
We all know.
Nobody says it.
95% of central banks plan to buy more gold next year.
That's a survey.
We surveyed ourselves.
On whether we trust ourselves.
We don't.
We trust gold.
Citizens ask why prices keep rising.
We say "supply chains."
We say "external factors."
We don't say "we printed 40% of all money in existence since 2020."
That's not external.
That's us.
The Finance Minister asked if gold is a hedge against our own policies.
I said "gold is a strategic reserve asset."
Strategic means yes.
I just can't say yes.
Gold is $5,000 now.
Our currency buys less every day.
Our gold buys more.
That's the strategy.
For us.
Not for you.
You get the currency.
We get the gold.
That's central banking.
@CarlosMaslaton Estas mandando el dolar a 2300 como poco. Osea que la banda no es que no se va a respetar... la va a perforar por mucho. Que acontecimiento pensas que puede ocurrir como desencadenante de tal movimiento?
No crees que puede haber un impulso terminado en julio del 24?
@Mesawine1 Agree with red and white count and im thinking in extended 5 like this. I will like an expanded triangle to fit in alternation with green 2.
@PabloGilTrader Teniendo en cuenta el ejemplo de Argentina con la llegada de Milei. Cree que sea necesario pasar por el sufrimiento de la población para que despierte de las ideas de izq empobrecedoras o simplemente necesitan más estimulo en la batalla cultural de las ideas?
Milei es un milagro?
@PabloGilTrader Cree que sea posible y viable en la práctica un país o mundo anarcocapitalista o está condenado a ser un ideal al que aspirar en lo imaginario pero imposible de llevar a la práctica?
En caso de ser posible: Cómo se organizaría un país para defenderse ante el ataque de otro?
Argentina is the only country in modern economic history to have tumbled from rich-world status back into the middle-income bracket. Javier Milei was elected with a mandate to reverse this decline.
His reforms hold lessons for the world https://t.co/VGxJ3O4KY5 👇