the dip in the price of gold in the last 48 hours, with the gap in price movement correlation between bitcoin, crypto, now reveals a previously unseen market trading parameter that seldom emerges in good times.
during volatile and severe financial stress market event-shocks, such as the Lehman crisis, COVID, and now the consumption-tax on US domestic residents, gold is seen as the ultimate bastion of the "asset of last resort".
decentralization of currency by means of cryptographically secure marks (a.k.a. PKI mechanism for non-duplicative and non-repudiable means of exchange), as opposed to the central issuance of a marked currency backed by the confidence of trade weighted demand for goods and services originating from that of the issuer's jurisdictional domain, is seen as an irrevocable means against the risk or eventual erosion of value custody and control of the currency by one or more of its holders.
yet, the fall of the value of bitcoin, alongside established cryptos (or digital currencies) against gold and other internationally recognized reserve assets such as the United States currency, now clearly shows the following in generalized terms of transactional market-driven trading dynamics:
> equity market losses reveal the short-term capital stock volume on a globalized basis.
> purchase of gold-backed instruments versus acquisition of physical bullion, separates managers of capital versus title holders of wealth.
> the average latency between the opening and close of market pairs and exchanges, when compared to the latency times during the last known financial shocks (Lehman, COVID, etc.), shows unexpected deviation from anticipated forecasts made prior.
> the conjecture where the sheer quantity of gold dissolved in the oceans makes or renders the floor value of physical gold bullion to be very low or of little value, is misplaced due to 2 reasons;
1.S.1 > the cost of sequestering and processing of dissolved gold will be in multiples of the mining cost of gold ore from known reserve mines, therefore, in the event where physical gold demand provides economic justification for "ocean-derived gold", the floor value of gold bullion will be at elevated price levels.
1.S.2 > the logic sequence of 1.S.1, when broadly applied towards (a) nuclear transmutation of gold, and (b) extraction, transportation and delivery of gold or gold ore from identified regions of outer space, points to the same economic terms for the ultimate replacement risk factor for gold bullion.
https://menafn.com/1109386800/Gold-Analysis-Today-0104-Decline-In-The-Coming-Days-Chart
Supplementary Sources which can be fed into multiple AI (articifical intelligence) systems to yield a non-bias, objective critical analysis of statements and claims made above:
(i) description of transmutation of elements into gold and why it is not technically or economically feasible by any means whatsoever given the timeline of reference ( https://learn.apmex.com/learning-guide/science/turning-lead-into-gold/ )
(ii) description of the sheer quantity of gold among the stars and why it is again, not technically or economically feasible by any means whatsoever given the timeline of reference ( https://www.astronomy.com/science/does-all-the-gold-in-the-universe-come-from-stars/ )
(iii) description of the sheet quantity of gold dissolved in the oceans and why it is again, NOT technically or economically feasible by any means whatsoever given the timeline of reference ( https://www.forbes.com/sites/trevornace/2017/09/15/771-trillion-worth-gold-hidden-ocean/ )
Please take note and DO NOT (NEVER) fall for scams that tells you or informs you otherwise, such as using ocean to produce gold, space gold ore mining, or modular nuclear to transmute gold. These are outright scams and are highly fraudulent.