Normally, commercial companies not in banking or finance do not buy gold bars. This action does say something about either international events or about the US dollar and markets. Action on either target area is not encouraging.
Action against black swan really says they expect the unexpected, the abnormal. The gold bars says it is currency-related on the US dollar, and a drop in the value of the dollar. A disruption of international trade would fit that, and war with China would cause that. However, so would a US civil war.
And their shares climbed quite a bit in response. Same thing has happened to firms buying BTC
They also did this near the 50th anniversary of going off the gold standard.
Normally, commercial companies not in banking or finance do not buy gold bars. This action does say something about either international events or about the US dollar and markets. Action on either target area is not encouraging.
Action against black swan really says they expect the unexpected, the abnormal. The gold bars says it is currency-related on the US dollar, and a drop in the value of the dollar. A disruption of international trade would fit that, and war with China would cause that. However, so would a US civil war.
real gold bars or rehypothecated ones?
pics or it didn't happen