Comments by "D W" (@DW-op7ly) on "Why Gold Is Seeing Record High Demand Right Now | WSJ" video.

Gold is a hedge against a USD. Where America has to borrow 1 trillion dollars every 100 days
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@asherrevises8601 no other country is borrowing 1 trillion USD every 100 days
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It’s the amount of Gold the Central Banks of the countries own, that matters as it diversifies their reserve portfolio. That public gold is the public’s gold unless the Indian Government takes it from the public
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the Chinese are averaging over 820 billion a year in trade surpluses with the world. Most of that trade, even if it is not directly with America, will be in USD yet they are buying Gold with their surpluses instead, and have held at that 800 billion to 1 trillion in US Sovereign Debt for a few decades now Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people have added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead. (What’s 4 houses vs 5 This is where China leads the world in 37 of the 44 critical technologies of the future already As they will pile even more money into these future technologies My prediction is the Chinese Government will have to step in and regulate yet another overheated sector (technology) in the future Where Blinken,Yellen & their successors will have to keep going to China to beg them not to dump their cheap high tech onto the rest of world Most people have no clue what’s coming, as they supercharge their exports with their new innovative high tech products Most likely where they store that added wealth or to seek save haven for I’ll be gold 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 — Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts
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@phoenix5054 USD is backed by US military and soft power and the ability to borrow and print up money
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@TheWatcher111 the world is not the USA And when the USA defaults on its debt people are going to want to dump those dollars and hope to be able to buy anything else with it 👇 China’s Gold Reserves Unveiled: Investigating Claims of Secret Hoarding and the Alleged Discrepancy JANUARY 9, 2024 Based on these calculations, Frisby estimates that China has at around 33,000 tons of gold, with at least half being state-owned. That state-owned portion (16,500 tons) is double what the U.S. holds. If China admits to the U.S., “We got twice as much gold as you,’ that’s tantamount to a declaration of war,” according to Frisby. The yuan would become more valuable, gold would become more valuable, and China would become the leader of both of these assets. OxfordGoldGroup
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@eddyr1041 the Chinese are averaging over 820 billion a year in trade surpluses with the world. Most of that trade, even if it is not directly with America, will be in USD yet they are buying Gold with their surpluses instead, and have held at that 800 billion to 1 trillion in US Sovereign Debt for a few decades now
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Chinese stock market is like a casino, their Government has Ben cracking down on Real Estate. So the only other real options are to invest their savings into technology where China leads the world in 37 of 44 critical technologies of the future already. Or in Gold
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@Show_what_I_Love retail buying is a factor in prices being pushed up. But it is that buying in conjunction with Central bank buying which is the biggest factor As the Chinese Central Bank’s has been secretly hoarding Gold apparently instead of keeping USD or buying US debt 👇 Reserves Unveiled: Investigating Claims of Secret Hoarding and the Alleged Discrepancy JANUARY 9, 2024 Based on these calculations, Frisby estimates that China has at around 33,000 tons of gold, with at least half being state-owned. That state-owned portion (16,500 tons) is double what the U.S. holds. If China admits to the U.S., “We got twice as much gold as you,’ that’s tantamount to a declaration of war,” according to Frisby. The yuan would become more valuable, gold would become more valuable, and China would become the leader of both of these assets. OxfordGoldGroup
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@Show_what_I_Love For example When the USA crashes its economy that Gold held by the public in a country will be used as a hedge by the people That Gold held by the Central Banks in what ever country will be used as one of the anchor reasons people buy your currency Because when the people dump those dollars, they will need to buy someone else’s currency to do so That’s why the Gold in the Central Bank matters The Indian Central bank would need to “take” that gold away from its citizens for it to be meaningful But like I said that Gold reserve is only one factor that is taken into to consideration why someone would be dumping US dollars in exchange for Indian Rupees
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@Show_what_I_Love It’s really all about flight to safety As messed up on how things are in Japan these days, their Central Bank only holding 845 tons of Gold We have see several instances over the years. Where money coming out of a country like the USA Has seen flights of safety in the Yen 👇 Japanese Yen benefits from the global flight to safety, subdued US Dollar demand FXS
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