Reasons for the rise in gold and silver and biased judgments in Japan.
Missing part: During both the rises in the 1970s and 1980s, it was Western countries - Japan, the US, Germany, France, and the UK - that were responsible for the decline of over $100 and their debts. This was the cost of the Vietnam War. There was risk at the time, and the surge occurred in the approximately five countries mentioned above, with gold and silver prices rising 8x or more. Let's ignore the fact that the current surge in prices is occurring under fundamentally different circumstances. Currently, the countries purchasing gold and silver are mainly the BRICS and neighboring countries. These include China, Russia, Saudi Arabia, Iran, Central Asia, Southeast Asia, and India. Europe and the US are not among the major movers. In the 1960s and 1970s, the above countries did not buy gold or silver. During the Soviet era, Mao Zedong's era, and also in Southeast Asia, Central Asia, and the Middle East, purchasing gold and silver was prohibited.
However, the current surge in gold and silver is completely different from the era when they were still rising, as the main players are gold and silver buyers. Russia has surpassed the US's 8,300 tons with over 12,000 tons, and at the same time, has declared a national purchase of silver. China's nominal central bank and arms figures are 27,000-3,000 tons, but 23,000 tons are held within state organizations with no reporting obligations, and over 25,000 tons are provided to private companies through guidance. Meanwhile, due to the US's domestic distribution of gold and silver to the UK, which has been collateralized, re-collateralized, and further collateralized through loans to gold and silver users, only about 0.004% of the 8,300 tons in storage is effectively available for the US to use. In other words, the basis for claiming that the dollar has recovered based on US gold volume is highly questionable. The UK, which uses a similar system, also has a legal obligation to return the primary collateral, but those held by secondary or subsequent banks or supplementary institutions, whether transferred or not, are still legally required to be returned. I
n the UK, most of the gold is held on paper, but in reality, there is no primary institution. This is a severe fraud. Stealing Russian gold is common sense for an institution that has done it many times, but this one has no enforcers and there are ways to cover it up if the impact is significant. By 1999, central banks around the world were lending and selling large amounts of their citizens' gold in order to drive down the value of gold. Naturally, this was followed by cheap gold for their own benefit. This was considered a precaution in case of a 100% collapse at any time. This means that 25 years ago, the higher-ups were done with dealing with hyperinflation of the dollar. Strange things start happening then; around 25-50 years ago, some strange organizations were issuing instructions, or rather predictions, publicly. They forced the country into massive debt, making it unavoidable, and the higher-ups seem to be open-mouthed, ready to take action any time.