It feels like we are in a unique cycle where the usual correlations are breaking down. Gold holding up despite persistent rate pressure suggests a long-term defensive play by institutions. Tokenization is starting to make this asset much more liquid for regular portfolios, which might change how these markets trade long term. What is your take on the current price discovery in gold markets?
Paper gold has always had the issue of transparency, and the potential for fractional reserve games in the futures market is always a concern. Moving toward tokens that represent specific, vaulted grams seems like a logical shift for retail to get actual custody oversight. If you are hedging against currency debasement, do you prioritize verifiable reserves on-chain, or are you sticking to ETFs?
We saw the US trying tp buy into Brazilian rare earth production earlier this week, and they finally did it. It's not surprising given current power needs. We are seeing a structural shift where the availability of neodymium, indium, and others dictates economic trajectory. Investors are starting to look past the usual tickers and evaluate the actual physical supply chains. Keeping exposure to these inputs feels more prudent than ever before. Curious to hear your thoughts too.
The push for non-Chinese rare earth sources is accelerating. Industrial demand for things like neodymium and praseodymium isn't slowing down with the energy transition. For those watching the sector, are you looking at mining equity, or are you interested in gaining more direct exposure to the physical materials themselves?