A Major Step in the Right Direction

The people who think the Federal Reserve QT has been a success, just remember:

The Federal Reserve’s balance sheet is still $2.8 trillion above pre-C***D levels. It is projected that the Fed will end QT in June. The Fed’s balance sheet continues to get bigger with every crisis.

Look at Japan, the Bank of Japan has socialized its entire financial system, leaving it in a state of despair with few options to handle future crises:

– BOJ owns nearly 7% of Japan’s stock market
– BOJ owns over 50% of Japan’s government bonds
– Public Debt = 260% of GDP

Gold is holding near all-time highs in USD as we continue to see market volatility. Not many are talking about this. The dollar had been devalued nearly 35% against gold the past year.

The Canadian government has invested $41 million in a copper project in Saskatchewan to further its development. Canada is slowly starting to wake up to the minerals in its backyard. A major step in the right direction.

The rush is on…

Gold prices hit record high in China.

This week has shown the world that the United States and China are in an artificial intelligence race.

Meanwhile, China is playing chess with the United States with regards to gold as many in the Western world remain mesmerized with digital wealth.

Not for much longer…

In 2021, I mentioned to @Jkylebass that AI can’t track bullion. The key advantage of gold is its tangibility—once you hold it, data collection stops. This becomes even more crucial as the weaponization of financial systems and supply chains accelerates.

Artificial intelligence cannot collect data on physical bullion.

The tangibility of #gold is the key piece of the equation that enables a full-stop on data collection after the physical bullion is in possession.

China continues to accumulate.

Food for thought. @Jkylebass