The ultra-rich are increasingly parking their gold in Singapore as global risks and Trump volatility mount.

"Some holders of physical precious metals are wary of storing gold within the banking system, even in allocated form, so they prefer to hold gold with entities that are not banks,” Reade said.

ChatGPT quick check on bond defaults by US State governments

"Notable State Defaults (1830s–1840s)
In the 1830s–1840s, a number of states defaulted on their debt, primarily due to speculative investments in infrastructure like canals and railroads."

"Since the 1840s:
No state has defaulted on its general obligation bonds."

This Age Of Fiat is a bit over fifty years old and founded on two aspects:

  1. Most nations transitioned to fiat within a small timeframe (1970s) and are devaluing their currencies at more-or-less the same rate.
  2. The Microchip Age, coincident with the Fiat Age, absorbed monetary increases through rising productivity, which reduced apparent inflation. The Microchip enabled the Age of Fiat.

Now microchip-based productivity is likely peaking while debt-based money creation is increasing. Ergo, sovereign money declines in trustworthiness while stability rises in importance. Our State governments might be better caretakers of "money" in the near future. The BRICS leadership grasps this and probably US leadership, too, but not the US general public.

"Debtors never believe debt matters until they're dangling over a vat of acid".

Cost Of Information (COI) - 2000
Over twenty years ago I created this concept which may finally be coming into its own, like the Vertical Web, the Cultural Diffusion and the Gold-backed Digital Currency. The S-Curve: A graph showing the rate of growth of an entity like a business, animal population, etc. It has three important
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The Vertical Web - 2013
The S-curve describes a growth pattern of new products, organisms in nature, etc. When a new ecological niche appears, the growth rate of filling it increases exponentially until the inflection point, the point at when (roughly) the niche is half filled, at which time the growth rate begins to fall.
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