A great wealth transfer is underway: How the West lost control of the gold market
Posted by freedomforall 3 weeks, 5 days ago to Economics
Excerpt:
"Pricing power in a market long dominated by Western institutional money is moving East and the implications are profound
...
The hurricane that is bearing down upon the Western world is the debasement of the dollar owing to the weaponization of the financial system and the spiraling US debt crisis. These are epochal developments that have combined to break the familiar financial world beyond repair. The flow of gold from West to East is both a real transfer of wealth, but it is also symbolic of just how profoundly the West has been underestimating the significance of what is happening."
"Pricing power in a market long dominated by Western institutional money is moving East and the implications are profound
...
The hurricane that is bearing down upon the Western world is the debasement of the dollar owing to the weaponization of the financial system and the spiraling US debt crisis. These are epochal developments that have combined to break the familiar financial world beyond repair. The flow of gold from West to East is both a real transfer of wealth, but it is also symbolic of just how profoundly the West has been underestimating the significance of what is happening."
gave it away?
sold it by way of treason?