Today, we add a new phrase to our gold bubble lexicon: “Peacocking.�
How else would you explain this: Saudi Arabia “restated� its gold reserves yesterday, right as the spot price found an all-time high of $1,265. Last week, SAMA, the shady Saudi sovereign wealth fund, held 143 tons of gold. Today – 322 tons!
The New Word on Gold Reserve Reporting
Today, we add a new phrase to our gold bubble lexicon: “Peacocking.�
How else would you explain this: Saudi Arabia “restated� its gold reserves yesterday, right as the spot price found an all-time high of $1,265. Last week, SAMA, the shady Saudi sovereign wealth fund, held 143 tons of gold. Today – 322 tons!
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