Mark Moss says gold hitting $4,600 per ounce reflects a shift in global trade, not retail buying. China built a payment network using the renminbi and gold settlements that 32 countries now use, and each U.S. sanction threat pushes more nations toward it, driving prices higher.
Gold's made a new all-time high, but it's not for the reason that you think. Right now we see the price is about $4,600 an ounce, but it's not because there's massive retail demand. It's not because everybody's buying it. It's because the system is repricing itself. What does that mean? Right now the US dollar is the reserve currency of the world, but that is changing right now. Over in China, they've set up an alternative payment network that's using the RMB for trades to happen, and everything is being settled in gold. Now they've already got this up and working with 32 countries, all of them except for the United States. So every time you see the US threaten sanctions right now on Iran? What about the deal in Greenland? Oh, and China, how about some more sanctions on you? Every time that happens, more people go to the gold settlement network. That's why we see prices making new all-time highs every day. So ignore the volatility and pay attention to the repricing, and you're going to stay ahead of it. If you want to learn more about the Wealth Operating System, then comment ready.
