Loading ...got that snippet from Adens…who say why wud they do that…other than seeing that there is no way out of this debt crisis, that doesn’t end in default….they ask why are the CB’s buying Gold at fastest pace in 50 years, if they too don’t see financial chaos . eg there is no sign of a cut in spending, deficits will continue to expand and that is before rates bring on a recession, which will result in more deficit spending etc
Also China is coming out of Lockdown, which will drive commodity prices higher and keep inflation boiling and rates high, thus making the debt situation even worse.
Plus there is talk that the PTB have agreed the Dollar is too strong and must weaken, so dollar holdings are being swapped for Gold.