Loading ...Gold Revaluation – What If the Shortage of Gold in London Isn’t a Tariff Scare but … A Shortage of Gold?
On more than one occasion in the last few months I have suggested there is going to be a gold revaluation. Way before the election I even thought the logical time to do so would be on New Year’s eve. However, the new administration didn’t take office until January 20th so that wasn’t really likely.
Just saw this piece from Chris Powell of GATTA and here are the key paragraphs: “If the fraudulent, derivatives-based Western gold market was breaking down at last, would it look much different than the situation reported in London recently?
And if gold were to be revalued by agreement among the major central banks — including the big recent acquirers of the metal — mightn’t revaluation be precipitated by a shortage of the metal in a major market?
Your secretary/treasurer long has thought that a revaluation would have to be accomplished in a flash — that is, on a Sunday night before the Asian markets opened — and that all major central banks would have to be participating in it. Nieuwenhuijs has produced evidence of official preparations for revaluation.” https://goldseek.com/article/what-if-shortage-gold-london-isnt-tariff-scare-shortage-gold
In fact, if there is an exemption for gold and silver and or a last minute delay in any tariffs occurring, it could still be that a revaluation is coming and the tariffs were being partially used by Trump and Bessent to create the flow of gold into the US before a revaluation gets announced. You want to repatriate and suck in as much bullion as possible before you raise the price. He who HAS the gold makes the rules.
Yes. “He who HAS the gold makes the rules.”
And China probably has the most PHYSICAL gold!
Probably, so they get a major say in the new price. As the piece suggests this would be a global agreement by the central banks etc. One of my past pieces on this topic suggested that the US would either be part of the revaluation either as a willing participant or being forced into agreeing by the rest of the world. Trump, if it happens will put a good spin on it, but he probably isn’t calling the shots. Important say on tariffs and other issues but not the only vote.