Two questions end this debate:
1. What institution demonetized gold? Central banks
2. Who is driving the gold bull market? Central banks
How many times can people fall for the same rug pull?
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Yeah and for me the strategy looks pretty simple. Trump administration waits for full gold remonetization, revalues balance sheet, gets 1T in liquidity, buys 100 billion Bitcoin, further monetizing Bitcoin.
Why would the US want to monetize gold again, when BRICS are hoarding gold. It makes zero financial sense. The play would be to monetize Bitcoin and have Saylor go around the world to create the seeds of the new T-bill, Bitbond.
Apart from this there will be the AI bubble risk capital moving from AI to the next risk asset. They'll certainly not play gold.