They may need every moment until 7-4 to audit. If the gold is there, it is purportedly of varying purity and not in standard bars. Do you trust these people and process? There's been so much theater in dotgov... maybe I'm too cynical. Shrödingers vault?
Also, I question the notion that only dotgov and its bank buddies hoarding all the gold earns it much public integrity. The idea of gold or silver as money has more traction when it's actually distributed among the people. If it's all vaulted up, they might as well base their new round of debt on "vaulted unicorn farts".
Btw, my musical brain is quite impressionable, thanks to you I now have that song rolling in my mind ;-)
But.. Isnt the driver really the move to Tokenisation? This held down value gives an 'opportunity' to unwind the paper leverage at lower price? Basle 3 dictates, I think, that institutions have to hold 85% of the asset.
They are tidying the books before having all laid bare (not to us but to themselves) on block chains and tokens so they settle instantly and with confidence.
There would need to be a major threat to the Almighty USD and UST relative position to make the US relinquish its exorbitant privilege. Like "in case of emergency break the glass", an ultimate remedy of sorts. Though everything remains in the realm of possibility, yes, it is as provocative as SPECTACULAR, considering Judy was a Trump 1st term Fed nominee and Scot Bessent a consummate gold bug.
They may need every moment until 7-4 to audit. If the gold is there, it is purportedly of varying purity and not in standard bars. Do you trust these people and process? There's been so much theater in dotgov... maybe I'm too cynical. Shrödingers vault?
Also, I question the notion that only dotgov and its bank buddies hoarding all the gold earns it much public integrity. The idea of gold or silver as money has more traction when it's actually distributed among the people. If it's all vaulted up, they might as well base their new round of debt on "vaulted unicorn farts".
Btw, my musical brain is quite impressionable, thanks to you I now have that song rolling in my mind ;-)
But.. Isnt the driver really the move to Tokenisation? This held down value gives an 'opportunity' to unwind the paper leverage at lower price? Basle 3 dictates, I think, that institutions have to hold 85% of the asset.
They are tidying the books before having all laid bare (not to us but to themselves) on block chains and tokens so they settle instantly and with confidence.
There would need to be a major threat to the Almighty USD and UST relative position to make the US relinquish its exorbitant privilege. Like "in case of emergency break the glass", an ultimate remedy of sorts. Though everything remains in the realm of possibility, yes, it is as provocative as SPECTACULAR, considering Judy was a Trump 1st term Fed nominee and Scot Bessent a consummate gold bug.
👍👍👌
Excellent! Thank you
How would such bond work? Would the conversion rate fixed and the time of emission?