
laux42
3.4K posts















It’s not QE. People are stuck in post GFC mode.




Why I believe this #Gold rally has legs? I asked grok for a simple calculation Assume 10% of US investment portfolio ($135T) increase Gold holding to 20% (as recommended by Morgan Stanley 60-20-20 allocation) from an assumed 2% holding now (most have 0%) We need about 17,782 tonnes of gold at $4250, approximately 6 years of global annual gold production The global investment portfolio value at ~$300T (2.2X of $135T). If the world follows, we are talking about 13 years production





Gold adding $10.5T YTD will increase marginal production in the coming years. Bitcoin is the only asset whose supply schedule can't change in response to price. Its value will never be at the mercy of miners. Absolute scarcity always outperforms relative scarcity.


Swiss rates are negative and their currency continues to rise to all-time highs against the dollar and euro, so they will have no choice but to go negative. The only question is whether they do it before or after the next ECB cut which is being signal by the lower rates in Germany and the UK.



