GBP Reddit Mentions | ChartExchange

*^(Disclaimer: this is not financial advice - this is strictly speculation and scenario planning, and totally not drawn on privileged information from powerful people. Please consume responsibly.)*
Silver has been second place to fiat for a long time now. Longer than the average bot life on this website at least. And yet everyone knows the paper-to-precious transition is inevitable, it's simply a matter of timing. (anyone with 10 minutes of research into PMs, at least) Most people don't want to be fabulously rich 250 years from now. Then want it in 2.5
Which is what makes board's like this so funny. Somehow you guys are just in time. So much of the retail and institutional space is reactive. It's the primary predictable psychological profile of people across all incomes in developed countries. Movements come after the money, as the seeing becomes believing, and never the inverse. This idea that one day the fiat debt system will fail, and what is real will prosper in its place, has been around for decades. And yet it has never happened. But this too shall pass, and the payoff will vastly eclipse anything the reactors have bet on.
There is an upcoming event that I have written and spoken about elsewhere, which we will probably call the Reserve Redenomination or Reserve Recession in media when the time comes, that will represent this swap from fiat to PM (gold in particular), but with a shotgun benefit to silver and several others. Sometimes this is referred to in fringe editorial spots like ZH, or as a conspiracy related to flat earth-tier beliefs, etc. You should see these dissuading narratives as upside potential. Silver is part of the winning team. You guys will be hailed as heroes for proselytizing ahead of the curve. I'm simply going to add to that existing space. I will present from an investor perspective, as I would to fellow investors. I have no credible credential to present, but I can say with certainty that this is on the near horizon. If it doesn't happen in the next 24 months, then it's your money back guaranteed.
Let's set aside memes, charts, and tweets to focus on what actually matters: macro.
I'm married to the money, so I follow macro wherever it goes. And it's going into PMs, commodities, energy, & cryptocurrency. You could say it started in the past 12 mos with the GENIUS bill, tariffs, BRICS' concept coins, data center financing, VIP interviews, etc but the truth is more devious than that. The macro perspective is much more than the flow of money, its the sentiment and interest of policy makers, national actors, and IGOs. In other words, groups that make money through passive taxation (or have assets secured by it) create macro conditions to control or create outcomes that influence how you make or spend money. They are interested in strategic payoff over cashing out. This means the way they look at these vehicles is different than retail and investors. As groups, you seek legitimacy or demand for a profit payoff, they seek strategy for a power payoff. Fiat currency is not some platonic ideal willed into being by the laws of nature, it's entirely an instrument of the national interest. In other words, it exists only so long as policymakers find it strategically useful.
So let's look at their strategy.
For almost three years now, your world leaders and central bankers have been preparing for a reserve currency transition scenario. They've made sudden pivots to programmable currency R&D, they've been hoarding gold into CBs and taking extra steps to keep it quiet, they've been making strange comments about fantastical banking crisis scenarios (Poland & Russia), adjusting payment options for hydrocarbons (the USD is an international soft-peg), signaling the desired end of the dollar reserve (or oddly making protecting the dollar reserve part of their political platform), had G88s floating the idea of pegging national currencies to rare earth, and building cross-border systems (BRICBridge/mBridge) to facilitate non-SWIFT or SWIFT legacy exchange/insurance/settlement capabilities. Meanwhile, Ray Dalio is already identifying our monetary order as the primary vulnerability. He's not the only old rich person to notice. Buffett is done with markets by EOY. You could say that value investing is retiring.
Contrary to internet opinion, this reserve currency transition will not take place as an Orwellian CBDC takeover or some BTC moon shot or as a total Mad Max collapse, but will instead be pitched as a redenomination opportunity - likely while GSIC banks are closed to customers (including ATM withdrawals and transfers and social payments or welfare services).
Before I get into the why this will happen, let's briefly look at the fragility of the modern monetary system under fiat. I know people here don't need to be convinced of this, but its important to understand the process of breakdown.
If you think of the economic macrosystem as a living body, then you can understand, especially from recent memory, how a global infection could quickly bring just about everything to a halt. The lifeforce of the economic-being is the free-flow of USD. Powell has sufficiently proven this. In fact, you could almost argue the last 5 years have been the perfect demonstration of this gameplay loop. But you can't mistake the heart for the entire circulatory system. Liquidity is a digital dependency today. If the power goes out, there is no liquidity. If Window's crashes, there is no liquidity. If Crowdstrike gets hacked, liquidity is grounded (and air travel canceled). Liquidity is a luxury. It has been a luxury for all of human history. Only in times of conventional peace and American-led globalization have people begun to delude themselves otherwise. It will not work they way most think in tough times. Especially in our just-in-time widget meets server-based-bookkeeping era. The boardgame of money has never been flatter or more fragile. In an age of infinite KYC and a Bigger Brother, a major ATM corralito will not look like your Great-Grandfather's breadlines. Accounts will be electronically frozen (thus no withdrawals or personal payments) and social payments will be halted for several days or even up to several weeks (thus no welfare). Due to incredible complexity risk, capital controls will be applied like circuit breakers to shut everything down. This is how it will be done in major countries and how it has been done in small countries in recent years. M1 M2 M3 will be iced by natsec nitwits and placed under conservatorship. They will give you any and every excuse. Power outages, Russians, 4chan hackers, Iran, North Korea, Powell, Biden, Trump, a virus, weather, a disaster, Chyna, anything. They might even blame me.
To be truly forward in global macro, having an understanding of financial securities is not enough. National securities are a necessary intersect. If the NYSE went down unexpectedly for a few days, it would in effect generate a "stroke" for the velocity of the USD. Only one link in the financial accounting chain needs to be halted to warrant shutting down the entire electronic transaction system. There is no fractal redundancy, so to speak - everything is connected and dependent on that largely centralized and live bookkeeping data feed, otherwise the whole body gets hospitalized. This is the great weakness of centralized finance and merchant services and I'm sure I'm preaching to the choir here.
Only M0, select banking accounts (some community/credit & a chosen GSIC or two - IE, not Deutsch Bank), barter, and alternative banking through cryptocurrency, will operate in that short window until your country's cartel sets a withdrawal rationing figure and initiates redemption options for the redenomination process. This process would likely involve the favorite GSIC (in the US) JP Morgan & the Post Office - giving national coverage to all area codes. You would convert your fiat, likely in cash and at a flat rate exchange that would be difficult for the layman to valuate, and receive the new notes (which will be owned by the Treasury, not the Reserve). It could take several days to over a week before the rationing window is brought online. And even longer for the redemption system to be in place to convert federal notes to treasury notes (TL: CBDCs). These treasury notes will be backed by national assets - varying by nation, but always playing to their strengths. In the US, this means energy, commodities, PMs, and the strategic crypto reserve and associated coins that service cross-border activity. The latter is the biggest money play, and has specifically been legalized through GENIUS to facilitate the merchant/business level transition when that occurs (the business-level redemption process will be aided by current crypto capability - which we will get in the DD section). However, everything else will move in it's wake with relative ease. For PMs, as a general expectation, most nations that go through redenomination (a figure in the 100s) will opt to double or triple PM reserves (current standard is 20%), and will be interested in cross-border cryptocurrency (mBridge and/or crypto for BRICs, most of the G88, and potentially Eurozone) and including stablecoins backed by tangibles stores of value (PMs primarily, energy/aggregates/commodities sub). The reserve currency system under the US will come to an end at this point without any legal moves necessary to close the Federal Reserve. Initially, this will seem like a huge problem for the US alone. In reality, the opposite will be true. If you're a shoemaker in that pitiful collection of tourist destinations we call the EU, this is especially for you - because the fight over a national versus a continental currency solution could paralyze you all further. To wit, for the US and the world: it will likely mean the end of the housing market as a game of musical chairs, which will be the end of the global monetary system under its current paradigm for all major nations.
Now I'm not trying to create fear and panic, even though that's the main thing this website does. No one will starve or get sent to the streets during a cash crash in a developed country in the contemporary era. The situation will start as a misunderstood market event. But there will be a Bretton-Woods tier recalibration at a national (likely international) level to follow shortly after. The "forum building" stage of this event has already begun. Tariffs are revealed to be part of broad but messy geopolitical strategy, the escalation of which will engage the monetary system itself (goods>ports>share listings>national bonds). You will see that sequence begin to play out in the months to come, especially after the Rio Reset dud and the Swiss paper metal tariff tell. Trump's "deals" with certain countries keep getting delayed or reneged. He will continue his holding pattern on this matter, switching between punitive and TACO to extend the tariff negotiation horizons.
The Secretary of the Treasury has been a gold bug for a long time. Basically anyone in the Soros & Druckenmiller circle had to by virtue of their positions and strategy within the premiere global macro firm focused on fiat. In fact, this is the exact reason why Bessent was chosen. More on than that in section 3.
# 1. Global Blocks
The CCP are positioning to replace their dependency on the US-led Rules Based Order. When foreign policy suits and grey moustaches say 'RBO X' or 'US superpower Y', they mean reserve currency and maritime system dominance. It all comes down to coins and boats, as it always has. For our purposes, only the former is of interest (but buy all your high end electronics soon, because further tariff escalation will draw in shipping and port strategies - even if we freed up Panama beforehand). This isn't the right board for the investor note from hell, but all indications are a go for a reserve currency challenger framework to be officially announced Q4 or H1 of 2026. Most ongoing projects intend to connect commodities to currencies. This is necessary to build an alternative SDR. Certain nations and entities in the ME will be likely facilitators and front men for this framework (particularly to ease or lobby the G88). This is battlelines over bucks. Your favorite loose lips sink ships guy already came out rambling about it when he posted out of the blue about BRICs challenging the USD. I hope you all understand by now that when it wasn't a topic on Fox and Friends, then it's because he repeats what he is told in private.
When China introduces a settlement CBDC (with Russian, various Eurasians + some MENA, and potentially Brazilian support), their international accounting will require reserves to be interchangeable with other CBDCs. These reserves will be similar to the Special Drawing Rights, but include commodities (particularly those favorable to the majority of partners; aka what they produce or already hold). This means more gold and possibly silver to start (imagine going from 20% standard gold reserve holdings to 40/60 + 10 in silver). Later platinum, lithium, uranium, and other frontier tech minerals which will be increasingly valuable and likely included. Regardless, this transition will push Chinese investors (retail and institution) out of US treasuries (even if the tariff threat has ended). It's not a reserve for them any more, it may even be illegal to hold UST over a certain amount. That could happen overnight. The inevitability of this sequence shouldn't be underestimated. Many of the big holders of US bonds, aka those with a stake in the ticker we call USD, are not friendly at best. Others are always looking for ways to hedge their risk. This is not the free-market as you understand it. It's being Eli Lilly but your biggest stakeholder is RFK Jr. You know that's not gonna last, right?
For Europe, the reactive risk is closely related to disaster or conflict risk. Tariffs might be enough too. I'm leaning towards Germany or the UK accelerating the contagion for the broader continent. German manufacturing and energy are critically vulnerable. German PMI has been in effective contraction for 27 of the last 30 some months, and last year saw a record-breaking number of bankruptcies in the country. Both UK or Germany would handle an economic downturn poorly due to rising populist movements jumping on alternatives ( = national bond credit risk = currency vulnerability). The possibility of a second Brexit event following a commanding populist return is not priced in. Likewise, another pandemic or an expansion of Russia's war would lead to a tap out of EU economic unity. Annoyingly, the French and Germans are unlikely to search for an economic relief package of a conventional nature or one that is associated with American interests. In other words, they will be working with ME and Asia if the EU does not guarantee European continental harmony on a new Bretton-Woods framework (which I don't think they will).
Japan also falls into the reactive risk category. The question is the cause package. They have no cushion and all it takes is a little shove. Yes they has a high savings rate, but purchasing power and their import dependencies (high-pop island country) negates any security they think that will provide. It's unlikely 3rd world exporters will keep the basic necessities flowing (think in terms of virtual water exports) for the next GFC or summer famine/disaster. 3rd world imports and access to cheap food underpins much of the shadow economy for Asia (see local news over rice cost) - so consumption would crash along with rising unemployment (uncaptured but real) - and the BOJ has no room to stop unemployment without sacrificing their national corporate champions (RIP Buffett) (and thus more unemployment in their zero-entrepreneurial environment). All of this is a pretzeled way of saying that conventional economic shocks could trigger the cash crash, or vice versa. Unconventional risk - like MENA cyberwar risks (who knows what blowback we might face after Iran), or even geophysical concerns like another "1000 year event" (happening every month now) but this time in a major financial area like Tokyo or SF (do you buy or sell disaster bonds in that scenario?). Suffice to say, the unconventional supporting fuel will be there. No one ever signals the big deflationary event to the greater public. But rest assured my fellow stallions, the leading signal flares for the USD are the health of the CNY, JPY & EUR. The rest is just conversation.
As mentioned, the ensuing crash will be salvageable at a policy level, and thus not an inevitable depression, but only after the Bretton-Woods process comes to surface and settles, which could take most of 2026/27. This will be your golden opportunity.
# 2.Opportunity DD
First, let me stage this topic by removing the crypto vs PM argument that festers in retail spaces. These will not compete under redenomination. They will not even coexist. Instead, they will cooperate in near unison in the same way a hardware company might with a software company. There will need to be a digital transaction system that is trustworthy, crossborder, and at minimal cost of use. Crypto represents this technology gap. They are effectively tech stocks. And we have seen how many of those have done for investor returns. PMs like gold and silver will benefit massively from redenomination as well, but you will not be clipping off slices of your silver eagle to pay for parking. 99% of transactions will be digital, while a majority of cash value will be marked to gold and silver.
Unlike the last global financial crisis, cryptocurrencies and blockchain tech are now an available solution for short term cash access and long term platform use. They are already a wedge in the US economy. People will vote with their wallets to protect their purchasing power by moving into liquidity (cryptocurrencies). Thus the demand for respective nations/regions to produce their own national digital currency to offset will rise.
This isn't to say that physical coins (especially silver) won't be in a state of colossal demand (silver at 180 by 2029). But because most consumer and business transactions, debts, liabilities, taxes, etc still happen by digital bookkeeping, then cryptocurrencies (stablecoins in particular) will take priority until a national/international alternative is released. Which will come very quickly - likely by late summer of 2026. Crypto will remain bid as a trust arbitrage trade afterwards. After this month, it's unlikely PM will ever drop below July's close, will experience a natural inflationary adjustment akin to what is expected in the absence of modern monetary manipulation. In other words, the discounted period will be added - or, all the years spend not appreciating appropriately will occur over a very short period, like 6 or 7 years (think an 8-15X move over that range) and then increase year over year at a rate like 2 or 5% depending on technological demand and supply variations.
I am providing this ahead of time, because a gradual buy in is the safest and most reasonable way to leave a mark on the market. I've reduced this playcard for board relevancy purposes, since I assume you don't care about multi-owner vehicles or crypto.
# To Own:
**1.PMs** \- physical ideally or by exposure to miners and mining ETFs. I have an 8,000$ price target for gold by 2029 (in 2025 dollars). I have a 180$ price target for silver by 2029 (in 2025 dollars). Platinum = higher. I could go on and on about PMs. Decades ago I had a simple question: do prime mines sell gold and aggregates to government customers without reporting it? To answer that question, I am happy to report that I am still alive today. If you don't believe in internet magic money or virtual math money is too complicated, this asset is your first stop. It's a Golden Age. Take the hint. See KGC, GLD, GOLD & GDX - AG, PAAS, & HL
**2.Commodities** \- Lithium. Copper. Aggregates. Historically a great way to make money if you like buying Russian billionaires their yachts, creating nightmare company towns in central Africa, or funding "mining" companies that are fronts for the military industrial complex (MLM & MP = strong buy).
# To Not Own:
**1. RE** \- will take the world's biggest beating when fiat fails. The Reserve Recession event will be particularly painful for the elderly (pension+property) - thus adding to the pressure for CBDC solutions as a retirement welfare solution. In sum, the 30 year lending architecture will no longer exist. Many pensions will convert to digital currency systems. I wonder if that random 401(k) crypto inclusion recently has anything to do with this?
**2.Sectors:** all sectors except healthcare and industrials. Be wary of consumer staples and utilities, especially if you want to derisk your poorfolio from geopolitics.
**3. Cash** **Accounts:** don't be that guy who keeps 25k in his savings account. If you don't have a credit card, that's fine, but for everyone else, that money needs to be in physical assets, or intelligently invested. Remember, you aren't trading market volatility, you're hedging against monetary-systemic risk.
**4.Other Currencies tied to the old monetary system - especially NIRPers.** You could long the AUD/JPY or GBP/JPY for instance to give you similar exposure to PMs, but don't own either via futures or ETFs (IE: FXE, FXY, etc - not even as a short).
**5.Inflated Assets:** in general, anything boosted by cost of money engineering (the modern monetary system function) will deflate. Lots of discretionary goods, luxury, travel, etc (Veblen goods).
*Investor Note:*
Cash won't disappear for many years. Those that engage in these cash crash predictions tend to be conspiratorial or hold prepper-mindsets. Those fear biases rarely align with reality. Besides a short ATM shock, cash will exist as usual during and alongside any monetary system transition, it will simply be a losing hedge. Ease of use redemption options at post offices and big banks will not be the only incentive for most people. Businesses and merchants will lead the way. As of this July, stablecoins (EMT\*) are effectively legal in the US, when backed by the amorphously defined US Dollar (who's definition could change overnight with the right EO), or treasury bills (which could very quickly include PM under a treasury note release). This was a key green light to industry, giving them the option to navigate outside the conventional monetary architecture if need be - effectively defanging many potential capital controls for businesses. During the transition, businesses will quickly opt for the decentralized and reliable digital alternatives due to accountability, transparency, and availability - many options already exist to serve enterprises (unlike 07-08 monetary challenge), so this "free market" movement won't be entirely retail or consumer led. As mentioned before, don't be surprised if there is a prepared and proactive solution from the GSICs this time (unlike 08, which was reactive).
# 3.Outsider Information, Bessent, and the Golden Age:
To summarize, all of this revolves around the CBDC system to come. Those PMs and certain free-market crypto will present massive investment opportunities for several years to come. And yes, the US will have a state-backed digital currency controlled by the treasury and issued via the redenomination process. It won't be called a CBDC because it won't be backed by a central bank, but a consortium of bank vaults under the US Treasury, who's reserves will be required (PM minimum) at far higher ratios than many CBs (2-3x current), but still owned by the US Treasury. Will it be a golden dollar to serve the so-called Golden Age? Before he became president, Trump had a long record of statements and publicized deals that supported gold as an investment, in settlement, and as a part of a monetary system. If investors studied his ramblings the same way they study Powell's statements, they would see this. Either way, there will be an American CBDC at minimum, even if it's wrapped in golden foil and comes with QR codes on red hats.
The Secretary of Fake Teeth knows this, and he and his foreign country comparables have planned for it. With all due respect to him, he was part of an all-star team of FX traders, the best of the best. They understand what makes or breaks nations from a currency standpoint and they have a track record of macro mania to prove it. He was the analytics mastermind behind Black Wednesday (NOT Druckenmiller or Soros). He's literally the currency guy (though gold was almost always his biggest position), and now in command of the top currency and the entire mirage of the modern monetary infrastructure as soon as Powell is out. He's the one who pitched the idea of a shadow Fed Chair. I don't know if he'll get that, but I do know he will get the next best thing: being remembered as the trader that successfully margin called the Federal Reserve. That's why he was chosen, he's going to oversee the biggest currency revolution in modern history.
Simply put, over 88% of global GDP will be functional within a CBDC currency architecture according to the Atlantic Council's CBDC tracker, BIS industry research, and my own review - likely by the end of Q2 2026. That's a lot of imminent coverage for a reserve currency system replacement that wouldn't be needed for 20-40 years, according to modern economists (TL: wagies). Is it possible the people who facilitate cross-border cash flows in the billions know something consumers don't about the near-future status of our dollar reserve system? Or a matter of curiosity that a tracker like this is hosted on the preeminent US/EU think tank? Instead of, for instance, ronpaulgold.com-?
The transition between the known reserve and liquidity system (USD dominance) to the upcoming digital cash systems of many qualities and styles (programmable currency playground) will constitute the largest global valuation crisis window ever. Even if, at first, only the M3 or M2 is replaced or two-tracked (in the USA). Maybe it will be great in your country, maybe not. Ultimately, it's not a depression or a problem, not if you're prepared for it. That's my obvious recommendation - to be prepared for an unexpected currency swap on a national or international scale unlike anything crapitalism has ever seen before by moving as much of your cash into commodities (or crypto) as you comfortably can in the weeks ahead. Upside to any downside: you make enough money and its hard to be depressed. Yes, there will be inflation, and everything will appear to fall (rise for room temp IQs) as the fiat cost of money paradigm goes offline and confusion around the redemption under redenomination structure is common for general consumers. But in purchasing power, certain commodities and cryptos will crab market instead of play dead for great vol plays, and in some cases, represent the last great financial investment opportunities. Anything used to back these new rainbow-printed treasury notes will yield tremendous spikes that will mint more millionaires from the lower classes than any other time in history. Some of you reading this will be in that cohort, I guarantee it.
There is much more to be said about PMs audits, CBDCs, credit systems & lending, taxation changes, debt forgiveness, UBI/prebates, SWFs, and such - as all will fold into a new paradigm under programmable currency. It warrants another giant reddit thread that few will read, but you should have the right to know what neo-feudalists are planning with your money systems. From the Vineyard to the Hamptons to Jupiter Island, the dumb rich has become the dumb majority. Many of them will find out just how dumb the hard way. I live in Cambridge, even the "smart" rich are dumb these days.
Wouldn't it be nice to know ahead of time? To not be caught off guard for once? Doing nothing is the only bad option, and its the choice most will make.
Why take the flat risk of a programmable purgatory of software patches, invasive KYC, geofenced value, and conditionalized capital controls? Some of these CBDC solutions will not be sound, depending on your country. It's entirely possible they all lean authoritarian in implementation or inefficient and deflationary in practice. Don't comply without question. Thinking is still free. I'll give the same advice I'd give anyone in any era in any place on Earth: sound money = sound mind.
Thank you for reading my ZH parody.
See you on the margins.

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