Dear Lord, Please Let Butthole Coin Be the Monetary Bell That Rings in the End Game

I wish I was joking, but I'm not.

In his latest essay, Daniel Oliver presents a very simple graph. It shows that the inverse correlation between gold and interest rates since 2000 broke in February 2022, when the Federal government seized all Russian dollar assets.

This strongly suggests that at least Russia is behind the rise in gold prices since then, and probably other countries as well who may be wary of the Federal government seizing their dollar assets as well. Theoretically, the US could demonetize any paper assets held by any foreign country, mainly US Treasuries by simply refusing to honor them. If you think Trump wouldn't pull something like this for his own reasons, he certainly would.

This would also answer the question about why gold is reaching new highs but silver not. Gold is climbing to new highs because foreign central banks are buying, in Oliver's estimation because they are afraid of having their dollar assets seized like Russia's was. Silver is not central bank money. It's the public's money. So when the public wakes up, which will be the final stage of awakening and the end of the fiat system, that's when silver catches up and overshoots, because the public is much bigger than all central banks combined.

I have said in the past that central bank gold buying doesn't matter. It doesn't matter in the sense that just because a central bank purchases gold does not mean that this will save its currency. For that to happen, the currency needs to be convertible on demand at a fixed rate, meaning printing must stop, meaning banks must be sacrificed on the altar of sound money, which is not going to happen. And therefore, central bank gold buying does not matter.

But just because it doesn't matter in that sense, doesn't mean that central banks buying gold won't affect the price. It certainly will, and that's what seems to be happening.

A few other key points Oliver makes: