Central bank demand, ~1000t/yr, signals persistent fiat debasement. Geopolitical hedges and negative real rates will drive parabolic repricing. Target $4,900 on capital flight. 70% YES — invalid if central bank gold selling exceeds 500t annually.
Central bank demand, ~1000t/yr, signals persistent fiat debasement. Geopolitical hedges and negative real rates will drive parabolic repricing. Target $4,900 on capital flight. 70% YES — invalid if central bank gold selling exceeds 500t annually.