I wonder if the regime will "close the gold window" again. Will they convert claims to physical gold into gold ETFs to keep the gold in Fed member banks?

Interesting times

my guess would be that this is the first time in the last 20 years foreign powers are recognizing the inflation issues with holding the US dollar.

rather than buy the ETF, they may be buying real gold.

The question remains, why have we never seen this before? Maybe because gold ETF's are only 20 years old, but maybe there's a more interesting answer.

Undisciplined

charts_and_numbers

Gold ETF Outflows Accelerate as Gold Hits New All-Time Highs

@lynaldencontact’s take on twitter was that foreign buying was responsible for the divergence

https://twitter.com/LynAldenContact/status/1767597810231157223