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Cash isn’t moving freely – Banks and central banks are hitting limits, so money can’t easily flow into riskier stuff.
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Short-term markets are stressed – The repo market is tight, meaning liquidity is stuck at the top instead of reaching normal markets.
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Treasury bills soak up money – New government debt takes up cash that might have gone into Bitcoin or stocks.
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Bitcoin isn’t getting the boost – Even though there’s more money in the system, Bitcoin and other high-risk assets aren’t benefiting because the financial system is clogged.
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Gold is safer – Gold doesn’t rely on banks or financial plumbing, so it’s a safe place when trust in markets drops.
What Brent is pointing out is that gold is rising because the monetary plumbing itself is unstable. When fiat across the board is being debased and collateral chains are strained, gold becomes the ultimate safe asset.
The difference today is that balance sheet and collateral… https://t.co/Ts71AeWNNA
— EndGame Macro (@onechancefreedm) September 28, 2025
M2 & M3 is around 150 trillion. How is gold reaching a 400 trill market cap you autistic retard
— jimbob (@Chris4450797735) September 28, 2025