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Gold Hits $3,300 as Panic Starts

VBL's Photo
by VBL
Wednesday, Apr 16, 2025 - 15:05

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…

More GoldFix  here


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