As Von Greyez puts it, gold and silver havent even started with only 0,5% of the financial institutions assets expressed in the metals. For him a 15 to 20% would be the minimum to survive. That makes the current prices x30 to x40 fold at least without considering shorts, day trading, industrials and retailers... Looks unreal but its reality. Current prices are THE hallucination. The world has been fed with financial LSD for decades now.
This made me start thinking about the Tether business model. One sure money-maker for the stablecoin issuer seems to be to sell the coins, then buy Treasuries with the money raised, taking the interest as your income.
But when you start buying other things instead, like gold, how would Tether produce an income from that unless they were leasing it out? And if indeed that is what they are doing, perhaps that has gotten them into some kind of jam, or is about to. A reason to refuse an audit, perhaps?
Next week should be interesting in the silver market.
There's a lot more (150 and counting) of my ideas I posted. You can skip the Iran-episode, there's not much there. Except the Iran-sanctions piece. Lot's of things I've written to detail my world view.
As Von Greyez puts it, gold and silver havent even started with only 0,5% of the financial institutions assets expressed in the metals. For him a 15 to 20% would be the minimum to survive. That makes the current prices x30 to x40 fold at least without considering shorts, day trading, industrials and retailers... Looks unreal but its reality. Current prices are THE hallucination. The world has been fed with financial LSD for decades now.
It’s a 🤡’s world.
Great work, thanks.
In conjunction with that graphic showing Tether gold holdings, a few days ago I saw a blog post: https://quoththeraven.substack.com/p/tether-and-when-denial-becomes-a
This made me start thinking about the Tether business model. One sure money-maker for the stablecoin issuer seems to be to sell the coins, then buy Treasuries with the money raised, taking the interest as your income.
But when you start buying other things instead, like gold, how would Tether produce an income from that unless they were leasing it out? And if indeed that is what they are doing, perhaps that has gotten them into some kind of jam, or is about to. A reason to refuse an audit, perhaps?
Next week should be interesting in the silver market.
*cough* https://no01.substack.com/p/the-tether-fraud-allegations *cough*
Thanks for that--I was not yet following your blog when you posted this one!
There's a lot more (150 and counting) of my ideas I posted. You can skip the Iran-episode, there's not much there. Except the Iran-sanctions piece. Lot's of things I've written to detail my world view.