Gold Hits $3,300 as Panic Starts
The Beginning of Panic
I recommend you panic —Hugh Hendry
Authored by GoldFix ZH Edit
Today:
- Discussion 1: Gold: $3,300 and The Beginning of Panic
- Discussion 2: Chat GPT's Envy
Gold: $3,300 and The Beginning of Panic
Gold’s surge through $3,300 per ounce this morning and into record territory marks a break from the speculative spikes of the past. Unlike the 1980 rally—which faded with geopolitical resolution—this move is rooted in a broader structural shift. The core difference: global trust has eroded without a functioning mechanism for recovery.
Very serious and sensible people are pointing towards extraordinary outcomes now; Specifically, a diminishing of the dollar’s reserve status, and as a function thereof, a complete rebalancing by global banks from its current 58% weighting to as low as a 40% weighting which would necessitate an almost tripling of Gold reserves held by them
Essay continues in video above…
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