Yes. ....Because the revaluation is long overdue. However, it would require other currencies to devalue against gold as well.
Now it becomes interesting to contemplate why, as per 1-1-2023 Gold got back the 1-tier asset status for banks, and the walled off Fed Casino of paper gold trade, is less attractive than the real gold trade ....
So, before a revaluation, it is necessary to load up on gold for the big CB's. ..... it is called stacking.
Yes. ....Because the revaluation is long overdue. However, it would require other currencies to devalue against gold as well.
Now it becomes interesting to contemplate why, as per 1-1-2023 Gold got back the 1-tier asset status for banks, and the walled off Fed Casino of paper gold trade, is less attractive than the real gold trade ....
So, before a revaluation, it is necessary to load up on gold for the big CB's. ..... it is called stacking.