More interesting is that the CNY has fallen by 43% versus gold in one year (9th February 2025-10th February 2024). What looms as an interesting possible policy initiative by presidents Trump and Xi which is to use gold as a monetary/currency instrument.
(Hunt Newsletter)
Hope its ok to share the above clip.
Maybe explains y China gold interest is viral there.
This is what they are doing.. debasing against an asset they control... not one they do not control like the USD.. which forces the USD to debse against Gold
What a great read - Thank you Vince for all you do!
tx coffee! be well
More interesting is that the CNY has fallen by 43% versus gold in one year (9th February 2025-10th February 2024). What looms as an interesting possible policy initiative by presidents Trump and Xi which is to use gold as a monetary/currency instrument.
(Hunt Newsletter)
Hope its ok to share the above clip.
Maybe explains y China gold interest is viral there.
YES.
This is what they are doing.. debasing against an asset they control... not one they do not control like the USD.. which forces the USD to debse against Gold
Great write up Vince -just brilliant !
1% today, 1% for ALL prc insurance cosnext quarter.
2% in 3q-25, etc.