NYT
Quiet Part Out Loud
Geng Ngarmboonanant
Managing director at J.P. Morgan Asset Management. He served as a deputy chief of staff to Treasury Secretary Janet Yellen from 2023 to 2025. The views he expresses are his own.
Gold at 32 trillion total value: based on 220,000 metric tonnes of gold above ground, at a USD exchange rate of $4530
Historic average annual production of gold is 3000 metric tonnes per year. This will no doubt trend up if gold keeps riping.