@leadlagreport Asshat. Not hard to understand that extremely over-leveraged positions rising in costs eventually unwind. When credit unwinds yields soar. You think mortgage rates are high now?🤣
Gold = scarce
Scarce = valuable
USD = continually expanding
Continually expanding = more supply
More supply = no longer holding value
Hedge. Hedge. Hedge.
Idc who you think you are. Smart money, makes money
Wrong 10 times, correct the one.
@leadlagreport
BREAKING: Global central banks acquired +17 tonnes of gold in April, the 2nd monthly purchase this year.
This marks a sharp reversal from March, when central banks sold -30 tonnes of gold driven by Turkey and Russia.
Poland led purchases at +14 tonnes, bringing its year-to-date total to +45 tonnes, with gold reserves now at 595 tonnes.
China added +8 tonnes, the biggest monthly addition since December 2024, bringing official gold reserves to a record 2,322 tonnes, or ~9% of total reserves.
China has now purchased gold for 18 consecutive months.
Central bank demand for gold remains incredibly strong.
What just happened?
The S&P 500 just erased nearly -$2 TRILLION of market cap just hours after 3rd strongest US jobs report in 18 months.
Meanwhile, Bitcoin is officially down over -50% from its record high in October 2025.
What's happening? Let us explain.
(a thread)