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Gold as anti-dollar on Fed debt monetization
The guest argued that if the Fed is forced to explicitly monetize Treasury debt due to market inability to absorb it, gold will enter a backwardation and become the 'anti-dollar', with its price rising uncontrollably.
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The Callback
Physical supply tightness drives structural precious metals bull case
59 weeks between these two statements.
The guest argued that gold is a unique asset that can act as a cheap convex hedge against a potential US debt or treasury market crisis, as its volatility increases as its price rises.
The guest argued that if the Fed is forced to explicitly monetize Treasury debt due to market inability to absorb it, gold will enter a backwardation and become the 'anti-dollar', with its price rising uncontrollably.