As usual, lucid and actionable. Individually we can't do much if anything about the large trends and politics in general, but where we can personally operate, we need to understand history, the present moment, the likely outcomes, and position ourselves accordingly. Thanks for the help.
Well said. This isn’t just about China — it’s about the signal to every other reserve holder. If Treasuries can be weaponized, they’re no longer neutral. Gold, by contrast, has no counterparty. That’s why it keeps rising while trust in paper erodes.
As usual, lucid and actionable. Individually we can't do much if anything about the large trends and politics in general, but where we can personally operate, we need to understand history, the present moment, the likely outcomes, and position ourselves accordingly. Thanks for the help.
Well said. This isn’t just about China — it’s about the signal to every other reserve holder. If Treasuries can be weaponized, they’re no longer neutral. Gold, by contrast, has no counterparty. That’s why it keeps rising while trust in paper erodes.