Post by Y
Everybody's been buying gold like hotcakes. Iran war has probably many reasons, but one of them is to keep gold price down.
If/when Iran war ends I expect gold to go vertical.
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- 1GwecezoL8jciHU2Ysyupxrnv18JMGAV6R
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1GwecezoL8jciHU2Ysyupxrnv18JMGAV6R UnverifiedReplies (10)
Iran war to keep gold down? Why?
It's somewhat counter-intuitive, but war favors cash.
I thought you said that it was a reason to go to war with Iran. I would be surprised to see gold react so positively to an end of war. An end of war means negotiations are over and China resumes buying US treasuries. Unless you think China gets the better end of the deal at the end of the war, I find this difficult to believe
I think any means to keep gold down are attractive to the money changers at least until they switch to the new digital monetary system.
I don't think China will resume buying US treasuries.
But I'm a BSVer of sorts, so take my grain of rice with a barrel of salt.
After the United States froze Russia's assets over the Russia‑Ukraine war, China could no longer continue buying US Treasury bonds.