Larry Lepard On Bitcoin
Larry Lepard discusses the debt and war drivers of gold and bit coin but cautions about the volitiliy of bitcoin. With bitcoin you can make a good return but also loose it very quickly.
https://www.youtube.com/watch?v=KPSkzllaIW0
Since gold became a tier one asset in January the gold market changed for gold to function as a reserve asset competing against treasures. The value of that became apparent to central backs around the world when the United States sanctioned 300,000 billion of Russian sovereign assets and 58 billion of oligarch assets. They see that the United States could sanction any country and block them out of SWIFT if they fell out of favor with the United States.
The US declared financial war on the world. Since, central banks have been accumulating gold and dumping treasures. Central banks have gone long on gold. Only the US Treasury is still shorting gold on the COMEX but open interest is drying up as LBMA and COMEX gold inventories bleed out through ETFS. The phsyical gold market is having an increasing role in revaluing the price of gold.
It is a new game in town.
Since the change in November and the rise of gold to new higher sustained levels, Calibre over the same period has out performed both the gold price and gold miners by a large margin.
If the price of gold falls back, which looks unlikely given the change in geopolitical dynamics and tensions, Calibre would also fall back but at a small rate then the price of gold.