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For the first time in history, gold went above £2,000/oz yesterday.

This is a huge landmark in the decline of sterling.

Of course, nobody in the UK echelons of power is talking about it.

We are, however, because it matters. Who is buying so much gold that price keeps going up? Why are they buying? There are hugely significant developments taking place in Asia that have the potential to reshape the global financial order.

This bull market is not like previous bull markets. It’s not driven by retail buying. What’s driving it is far more significant than that.

Clowns to the left, cretins to the right

Here is gold in pounds since Gordon Brown sold ours in 1999. It’s quite something—over ten times higher! What a clown.

Meanwhile, in other currencies, gold continues its march. Here it is in dollars, the preferred benchmark, over the past three years. This is proper bull market stuff.

I know I have said this a million times, but I really urge you, if you haven’t already, to diversify out of sterling—indeed any form of fiat money—and use gold as your savings vehicle.

The gold price action is telling us something.

The way this government is going—it’s proving almost as rudderless as the Tories were, and in record time—sterling could have real problems, and soon.

To my knowledge, not one influencer in the Labour Party, over the course of its conference this week, mentioned stewarding the currency, protecting its value, or any of that stuff. Just as every government before it has, they will use sterling devaluation to compensate for their deficit spending.

The pound is only holding up in the forex markets because the Bank of England did not cut rates last week, when the Federal Reserve and the ECB have gone into a rate-cutting cycle.

Perhaps, more significantly, no one in the Labour Party is discussing what is happening in Asia. Central banks are buying gold in huge quantities. They are no longer waiting for the price to pull back before making their purchases.

Perhaps most significantly of all—they are not reporting all their gold purchases. It is happening on the quiet.

If you want to buy gold to protect yourself in these uncertain times, let me recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, US, Canada and Europe or you can store your gold with them.

De-dollarisation is happening in front of our very eyes

The implications for the West are huge. But, despite the geopolitical significance, this issue is nowhere close to the Labour radar.

This goes back to early 2022 and the Russian invasion of U