That's a great chart, and it makes me ask why banks held FAR more gold than treasuries from the start of that chart in 1970 until 1996. An even bigger question is why did banks reverse that trend from 1996 until recently?
This recent trend reversal is simply reverting back to the pre-1996 trend.
As it should be, the Central bankers understand implicitly true financial risk buttressed hegemony, neutral purveyors of the same for as long as said hegemony does not impact their fiscal risk management methodologies they will go along to get along, never wanting to be seen to be the outlier or to rock the boat metaphorically speaking… however present as if your policy will have a negative impact, then despite to whom they are subservient, instinct and learned calculus will take and hold sway, hence the need to hedge what is viewed globally as a truly deteriorating fiscal calculus and forward position.
Thus Central Bankers many of them servants of the ultimate beneficial owners the IMF, World Bank, and BIS are merely doing the correct and appropriate action, hedging against an uncertain geo politik Global Economic outlook… not for the true owners at the top watching on benignly as their literal trillions evaporate predicate a fall and ultimate breakdown of trust, afterall as many know the entire edifice that is international finance and economics, trade is built upon the foundations of trust, trust relied upon in huge measure, remove or attack that foundation and it implodes, in othe4 words, our fiscal monetary system is built upon a foundation of sand, those of us who understand and have read of such understanding implicitly that a rock is the better foundation to sow your seed upon… hence the swing to gold … it has withstood and is proven as the perfect adjunct to such temporal behavioural traits as hast been expereinced ever since Bretton Woods that ushered in the despicable manipulation of a system designed to benefit the few over the many, something when given thought, especially understanding human history hast been man’s want, those authorities in high places able to manipulate such, with each iteration of such eventually failing, thus the flight yo gold something many outside of the Central banks have long understood… watch this space, grab your popcorn, we’ve watched the opening act, now it’s time for the main reel to play out… just saying ..
That's a great chart, and it makes me ask why banks held FAR more gold than treasuries from the start of that chart in 1970 until 1996. An even bigger question is why did banks reverse that trend from 1996 until recently?
This recent trend reversal is simply reverting back to the pre-1996 trend.
You're notes are always timely and appreciated.
As it should be, the Central bankers understand implicitly true financial risk buttressed hegemony, neutral purveyors of the same for as long as said hegemony does not impact their fiscal risk management methodologies they will go along to get along, never wanting to be seen to be the outlier or to rock the boat metaphorically speaking… however present as if your policy will have a negative impact, then despite to whom they are subservient, instinct and learned calculus will take and hold sway, hence the need to hedge what is viewed globally as a truly deteriorating fiscal calculus and forward position.
Thus Central Bankers many of them servants of the ultimate beneficial owners the IMF, World Bank, and BIS are merely doing the correct and appropriate action, hedging against an uncertain geo politik Global Economic outlook… not for the true owners at the top watching on benignly as their literal trillions evaporate predicate a fall and ultimate breakdown of trust, afterall as many know the entire edifice that is international finance and economics, trade is built upon the foundations of trust, trust relied upon in huge measure, remove or attack that foundation and it implodes, in othe4 words, our fiscal monetary system is built upon a foundation of sand, those of us who understand and have read of such understanding implicitly that a rock is the better foundation to sow your seed upon… hence the swing to gold … it has withstood and is proven as the perfect adjunct to such temporal behavioural traits as hast been expereinced ever since Bretton Woods that ushered in the despicable manipulation of a system designed to benefit the few over the many, something when given thought, especially understanding human history hast been man’s want, those authorities in high places able to manipulate such, with each iteration of such eventually failing, thus the flight yo gold something many outside of the Central banks have long understood… watch this space, grab your popcorn, we’ve watched the opening act, now it’s time for the main reel to play out… just saying ..
Kia Kaha (Stay Strong) from New Zealand