NYC and London are the ones tamping gold prices. They don't want gold to compete with western treasuries. China is in the process of propping their currency up with gold.

The US has been in a state of slow default ever since it started operating in increasingly larger deficits. Every QE is a technical default because it's repaying debt in nominal terms with lower intrinsic value. The point of final default is when that value is too low for the market to accept and they stop buying US treasuries. It's already been happening in slow motion, hence why you see the gold price surging. That wasn't out of nowhere. That was years of swapping out treasuries for gold by central banks.

>>61148464
Demand for treasury bonds is on the decline

>>61147655
These countries aren't hoarding gold because they're being forced to. They're doing it because they don't like being forced to use US dollars in international settlement. The US is the one that tried to use violence to enforce dollar usage and now it's backfiring on them. Countries are dumping dollars and the US can't fight them all.

Bros we crashing, hold me. Just kidding.
See>>61135105

>>61117766
>I don't know who is mass buying gold
Imagine listening to this fucking idiot who doesn't even understand the basis of his claims

>>61105772
Also they would have to give Russia back the assets they seized in 2022 and LMAO if anyone thinks that would ever happen. That event alone broke the international trust in the dollar and started the great central bank hoarding of our time. It was the bullet shot that mortally wounded trust in the US dollar worldwide.