Simon Mikhailovich
@S_Mikhailovich
Contrarian, entrepreneur, sailor. TBR manages global private bullion reserves; TBS helps buy & store bullion in the US.
Independence, Endurance, Scarcity
396 Following 47.1K Followers
Any fact requiring an explanation of why it isn't negative, isn't positive.
A Fed note explaining why most gold reserve relocations from the NY Fed aren't negative for the USD.
Show more
Change happens:
Monetary Authority of Singapore will now compete with the NY Fed & BofE for the custody of sovereign gold reserves.
Just as the generals prepare for the last war, investors prepare for the last crisis.
Conventional wisdom still insists that higher rates = lower gold whereas in reality, long term rates went from 1.2% to 5.5% while gold went from $1,700 to $4,100 (+140%).
Show more
The question everyone should ponder today is this:
What is USD for?
