AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryRegisterLog in

 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone
 

 The Gold Market Could Be About To Snap - Watch GOFO

View previous topic View next topic Go down 
AuthorMessage
RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

The Gold Market Could Be About To Snap - Watch GOFO Vide
PostSubject: The Gold Market Could Be About To Snap - Watch GOFO   The Gold Market Could Be About To Snap - Watch GOFO Icon_minitimeTue Mar 31, 2020 7:40 pm
Summary

The gold forward offered rate, or GOFO, is the dollar interest rate minus the interest rate on lending gold.

The Gold Market Could Be About To Snap - Watch GOFO 3605901-15855709974989488

If the rate is positive, the dollar lender is earning positive interest on a dollar loan, which means the dollar is the money and gold the commodity in the transaction.

If negative, the gold lender is earning positive interest on a gold loan relative to dollars, which means gold is the money de facto and the dollar the "commodity".

In other words, a negative GOFO - AKA gold backwardation - is a de facto gold standard.

GOFO is now negative relative to the secured overnight financing rate (SOFR) and will continue to be negative as long as the Fed holds rates at 0, constituting an existential threat for the dollar.

https://seekingalpha.com/article/4334938-gold-market-be-to-snap-watch-gofo
Back to top Go down
 

The Gold Market Could Be About To Snap - Watch GOFO

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-
 :: 

Anarcho-Capitalist Categorical Imperatives

 :: 

AnCaps' Laissez-faire Free Trade Zone
Index, Portal, Induct Yourself Here, Forum Technical Non-Assistance, Philosophy & Religion, Realpolitik Statism & Bureaucracy, Law & Order, Rights Individualism & Lifestyles, Laissez-faire Free Trade Zone, Science Technology & Environment, Psychology Edumbcation & IndoctriNation, Culture & Art, Ancapdemia's Ebony Basement, High Octane One-on-One Debate, Celebrate Evildoers' Inadvertent Contributions to Ancap Values, Idiot of the Week Award Nominees Are, Humor, Freestyle Miscellaneous, Ancaps Emporium, OZschwitz Slave Pen Downunder Boutique, Anarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist,Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy, Market Anarchism, Volunteerism, Libertarian anarchism,
Free forums hosting | ©phpBB | Free forum support | Report an abuse | Forumotion.com