Monday, December 02, 2019
+Gold = -Soros
Via ZH, Serbia and Slovakia are joining the movement to bring back their own gold from British storage, and to buy more gold.
ZH attributes the rush to a remembered fear from WW2, when Krauts were grabbing everyone's gold. There's a much more recent example: Venezuela. When it asked the Bank of England for permission to take its own gold back, BOE said no.
Admittedly Venezuela is a mixed-up case. (1) The gold may have been pawned instead of stored. The stories aren't clear. (2) Venezuela has plenty of gold in the ground, which it could be mining for great profit if Maduro wasn't so fucking stupid.
I don't know why any sane country would let BOE store its gold in the first place. There must have been a reason, but it was a bad reason. If you want to talk about historical betrayal, England is the champion.
The map of gold-buying countries is pretty damn close to the map of non-Soros countries, ie sane countries.
India and China are special cases. Both have always been fans of gold, regardless of political changes. China is running up huge debts like a Sorosian country, and simultaneously buying gold like a non-Sorosian.
Labels: Constants and Variables, Sorosia, storage
¶ 12:11 AM
