Jay

Ex–Investment Banker | Macro Investor decoding Fed actions, credit cycles & the coming shift in liquidity flows | Actionable insights, not financial advice

[Jay @ja_free_man]

The quiet shift underway in gold markets might be the most important monetary story of this decade.

The Shanghai Gold Exchange now dominates physical gold trading volume — not COMEX, not London.

We’re witnessing the early stages of gold’s remonetization, but it’s happening in a modern form:

- Basel III pushes value toward allocated, physical reserves
- Currency debasement pushes nations to seek neutral settlement assets
- And physical spot markets are gaining ground on paper futures

Gold is quietly re-entering the plumbing of the monetary system — this time as reserve-backed collateral for global trade.

We’re not going back to a gold standard — we’re evolving toward a collateral standard. Real assets will back trade, lending, and liquidity at the sovereign level. Gold just happens to be the least politicized collateral — the best form of money on earth.

Long-term, this changes everything:

Trade balances will matter again — debtor nations can’t just print claims on the world

Real assets will have to reprice upward to collateralize a new system built on scarcity

For investors thinking over the next decade, not next few quarters, the play is to hold:
🟡 Metals — to anchor the collateral base
⚡️ Energy — to power the real economy
⛏️ Commodity producers — to supply the collateral
🤖 Select AI & infrastructure — to capture productivity gains

Hold them through volatility. The next cycle will reward those who own the collateral of the future.
#Gold #Silver #Commodities #BaselIII #DeDollarization #AI #Macro

[Jay @ja_free_man]

This analogy would be accurate if there were no refs in the second half. Have common sense, Ted. Just admit signature verification is not a substitute for identity verification. Any elementary school or middle school student can understand this basic concept. We're in 2026, not 1906 - the government needs to get with the times! You are the party of COVID vaccine ID cards and verification - apply the same logic to voting. The tech exists for cheap / free, fast, universal access to state IDs and voter identity verification. Why not put conspiracy theorists and election deniers to bed and advocate for this?

[Jay @ja_free_man]

There's no conspiracy needed, Ted. Signature verification is faulty, amateur, and completely open to fraud on its face. A 5 year old could deduce this - it's not that hard. If you disagree - explain why signature verification is a bullet proof method for identity verification and advocate for third party (non-government) deep audits.

[Jay @ja_free_man]

Signature verification is an amateur method of ensuring election integrity in 2026. There’s no discussion to be had beyond that, since identity verification is step 1 of conducting an election. The state has plenty of resources available to ensure anyone that wants a state issued ID can have one, and cheap tech exists to validate someone’s identity both in person and remotely.

[Jay @ja_free_man]

@captgouda24 What would be good for democracy is something very basic and standard. Something that most of the developed world agrees is common sense. Like ID verification to cast a vote.

[Jay @ja_free_man]

It’s not that they’re necessarily rife with fraud. We are in 2026. Cheap technology exists to validate ID etc., even remotely via phone / computer. Using signature likeness to validate ballots is amateur (not surprising for anything done by the government), which just goes to show election security and integrity is not top of mind. If you disagree, lay out the case for why signature verification is as / more robust as live ID verification instead of just making general statements with no argument.

[Jay @ja_free_man]

@tedlieu @spencerpratt Hey Ted, would you be willing to advocate for independent, third party audits / verifications of voter ballot signatures? Additionally, do you think signature verification is just as sound as ID verification?

[Jay @ja_free_man]

The rockets did the same thing against the lakers. It’s honestly youth and coaching. As a coach, you can’t allow your point guards to think it’s okay to let your center bring up the ball in a pressure situation like this because you’ve given the big an ultimate green light on handling the ball. Castle needs to come find the ball because there’s no fast break opportunity.

[Jay @ja_free_man]

@ajaymitchellexe @exposedburner @JoshReynolds24 @Rate_the_Refs @NBA Good looks for finding

[Jay @ja_free_man]

@BIGCHOOBSS @zombiekiller071 @Nick_Castillo74 It wasn’t on this play it was another one where Wemby goal tended to score, then they called goal tending on Dort after he hit the ball out. Dort only goal tended after Wemby first score on a clear goal tend, but they didn’t call it. Spurs were gifted 2 points there.

[Justin Wills @itsjwills]

The NBA isn’t rigged. OKC is just the culmination of the league never taking flopping seriously.

This is the result of the league turning a blind eye to the biggest problem with the game for so many years.

[Jay @ja_free_man]

I agree. But we need to call out missed calls across the board. Irrelevant now but I commented on a regular season game months ago where the Celtics lost and Boston fans were going nuts over a missed foul call against Jaylen Brown (that wasn’t even a foul). Meanwhile before the “missed” call even happened, Brown blatantly carried the ball but no one cared. They just say “carry in 2026 bro?”

[Jay @ja_free_man]

@DwayneRashed @JoshReynolds24 @Rate_the_Refs @NBA The list goes on. It’s every NBA game with every team. The Thunder just take advantage of the bad officiating the most. Not saying it’s right. But focusing on just the Thunder makes it sound like a Thunder flopping issue instead of a league wide flopping and officiating issue.

[Jay @ja_free_man]

@ajaymitchellexe @exposedburner @JoshReynolds24 @Rate_the_Refs @NBA That’s right Ajay.exe is spot on here.

[Jay @ja_free_man]

@exposedburner @JoshReynolds24 @Rate_the_Refs @NBA It won’t be on the highlights for the game but it was in 4k in slo-mo during the game and Miller and Tirico just ignored it and said the Spurs were doing well crashing the boards or something similar. The ball was still clearly in the cylinder.

[Jay @ja_free_man]

@timmykov I hate soft fouls / offense being able to just run into defenders. This is a foul by Wemby though. If he set his feet instead of jumping it would have been a charge.

[Jay @ja_free_man]

I don’t like the refs favoring OKC / making bad calls in general. But you’re ignoring a play in the game where Wemby clearly tipped the ball in while it was still in the cylinder, then Reggie Miller and Mike Tirico look at the clear goaltend in slo-mo and just applaud the Spurs for a good play. Meanwhile in the last series against the Twolves Wemby had about 10 goaltends and 10+ o-lineman holding blocks where he’s literally grabbing defenders and pushing them away while setting screens (and the refs did not call one). The refs are bad all around, OKC is just the best at taking advantage of it.

[Jay @ja_free_man]

@Jayy_Hardyy252 @HaterReport @TheNBACentel This was actually after Brother’s called Dort for a foul. It was a borderline foul because Dort blocked it cleanly but there was some contact to Fox before.

[Jay @ja_free_man]

@KarenBassLA Karen instead of trying to troll, why not prove Pratt wrong and let forensic auditors check on how you spent the budget, including how every pass through entity spent the money. Would be a drop in your budget bucket (maybe $15m).