Gold has indeed been undergoing a remarkable journey, and its recent repricing has caught the attention of many. Let’s delve into the factors driving this shift:

• 1. Federal Reserve’s Achilles Heel:

• Andrew Maguire, a precious metals expert, sheds light on the Federal Reserve’s vulnerability. The exchange of deflating dollars to undervalued bullion has become a critical concern. Why would anyone buy treasuries when they could invest in gold? This question underscores the Fed’s predicament.

• There’s a possibility that we’re just 35 trading days away from a radical repricing of gold. This event could significantly affect the precious metal’s value.

• 2. Global Central Banks Accumulating Gold:

• Central banks worldwide are quietly accumulating physical gold. This strategic move hints at an impending game-changing event.

• The demand for gold has surged by 28% this year, driven by a flight toward safer assets amid soaring inflation. Turkey, Uzbekistan, and India have been notable buyers.

• 3. U.S. Dollar’s Relationship to Gold:

• Since a substantial part of global gold demand comes from outside the United States (over 95%), transactions occur in currencies other than the dollar.
• A weakening dollar helps foreign currency holders, as they get more dollars for their money when buying gold.

In summary, gold’s repricing is influenced by a combination of factors, including central bank actions, currency dynamics, and concerns about the dollar’s strength. Keep an eye on this fascinating market!