Some analysis on gold hurriedly being moved into the USA-
There's been speculation on a few reasons, all could be relevant
1. Potential Tariff on gold, so high net worth individuals, bullion banks are bringing it onshore
2. Revaluation of gold from $42 an ounce to market value, which would monetize gold and wipe off significant amount of US debt. Generally this has been called an accounting trick, but this was done previously when gold was revalued to $42.
This goes hand in hand with Scott Bessent, Treasury Secretary, saying he wants to monetize the US Balance sheet
3. Potential Future outer currency with China & BRICS. China has been buying gold for more than a decade and especially the last 3 years. Speculation is gold will make up a large percentage of any BRICS currency, which would be based on physical, non fiat, assets.
So the US would potentially need a real money alternative to trade with BRICS
China has stopped recycling some USD into US Treasuries and instead buying Gold and Silver. They also are now allowing Chinese to buy insurance products backed by gold. So gold is becoming more scarce
There are more speculations but those are the ones that make the most sense
Basically the speculation is all going one way, bullish Gold (and consequently Silver)
So if any of it becomes fact, the value goes up, if all of it becomes fact it goes much higher. Then it becomes "unobtainium" and everyone who can't afford gold at the new price starts buying silver.
So speculators become stackers
Silver is obviously the better asset. If gold doubles to $6k then silver should easily go 4x
