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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.75-0.5%Dec 3 4:00 PM EST

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To: Real Man who wrote (115897)1/8/2024 11:54:47 AM
From: Sun Tzu  Read Replies (1) of 116791
 
It is a very big deal but not for the supply and demand of gold as you looked at it.

It's significance is about what it says about the USD, the state divergences, and stable coin crypto currencies.

#1 This could be a precursor to some states issuing their own money.

#2 Recognizing gold and silver as money removes stable coins from SEC oversight. This is a big deal.

#3 The combination of the above mean that one could legally issue currencies competing with the USD that can be used to pay taxes, debt, etc.
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