joe on nostr

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Stacking Functions · 51w

How would the govt repricing their stash impact the market price of gold? If they were buying more gold for a sovereign wealth fund or something I could see that pushing the price up

joe @joe 1743122158

I was thinking that retail was buying in anticipation of the govt repricing, but I guess they wouldn't be able to move the market like that?

2

Stacking Functions · 51w

I don't think so, since the supply would be unchanged. Goldman, JP Morgan and a lot of the other big banks have suppressed the gold and silver price for years and it seems that ability is starting to slip away- hence the price rise. https://www.zerohedge.com/precious-metals/mechanics-silver-price-s...