antonio pannullo
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Shanaka Anslem Perera ⚡@shanaka86
BREAKING: The President of the United States told China this morning to start policing the Strait of Hormuz. China’s response was not a warship. It was gold. Six hundred kilograms of gold bars allocated by major Chinese banks this morning were sold out in under one minute at the 9am Shanghai opening. One hundred kilograms allocated for the weekend sold out in the same window last Saturday. This has been happening every single trading day while bunker-busters hit Natanz and 5,000 Marines head to the Gulf and Trump tells the world America does not need Hormuz. China heard the message. China’s answer is not military. It is monetary. The People’s Bank of China has purchased gold for 16 consecutive months. Reserves reached 2,308 tonnes by February. The Shanghai Gold Exchange recorded 126 tonnes of withdrawals in January and 85 in February. Chinese gold ETFs added 38 tonnes in January, the strongest start to any year on record. Seventy-seven percent of central banks globally now intend to increase gold reserves over the next 12 months. Gold touched $5,589 per ounce in January before correcting to $4,494 this week. Chinese retail buyers did not care. They bought the dip because the dip happened in paper. The physical metal in their hands did not lose weight. Trump said the words today: “We don’t use the Strait of Hormuz. We don’t need it. Europe, Korea, Japan and China need it. They will have to get involved a little bit.” China imports more than 70 percent of its crude from the Middle East and Africa, the largest share transiting Hormuz. Trump is telling China to send warships to protect a shipping lane that American forces are simultaneously disrupting through a war against Iran. The request is structurally impossible. China will not deploy naval assets alongside the fleet that is bombing its strategic partner. So China deploys capital instead. Gold is the asset that cannot be sanctioned, cannot be frozen, cannot be confiscated by executive order, and does not transit the Strait of Hormuz. This is not a gold rush. A rush implies speculation. This is rearmament. The PBOC is building reserves outside the dollar system. Chinese households are converting savings into a store of value independent of American financial infrastructure. Hainan’s free-trade port has become a gold shopping destination. Banks ration supply because demand exceeds every ceiling Beijing sets. The queue at ICBC is not for jewellery. It is for monetary sovereignty, purchased 600 kilograms at a time. The symmetry with Natanz is exact. The United States has bombed Iran’s nuclear facility five times in 16 years. The programme survives because nuclear knowledge cannot be destroyed by ordnance. China is building a gold reserve that the United States cannot reach because physical metal in a sovereign vault cannot be frozen by SWIFT exclusion. Both strategies operate on the same principle: the thing that matters most is the thing that cannot be taken away. For Iran it is the physics equation. For China it is the gold bar. Both are responses to the same American power projection. Both are designed to outlast it. The West is fighting a kinetic war over a strait it controls militarily. The East is fighting a monetary war over a reserve asset it controls physically. Both wars are happening on the same day. Neither side has acknowledged the other’s battlefield. The strait is 21 miles wide. The gold bar is 400 ounces. And the distance between them is the distance between the world that is ending and the world that is beginning. Full analysis: open.substack.com/pub/shanakaans…
Italiano
ci sta chi crede che le sue beghe legali con il vicino hanno a che fare con la riforma della giustizia....siamo un paese fantastico!
Italiano
antonio pannullo retweetet
Big respect for @Philipp_Eng in the BMW @followWRT #25 – he almost lost his prototype at T1, but experience and luck helped him to save it from the barriers.
#IMSA #IMSApl #Sebring12
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