It's clear that some follow the minutiae here much more closely than I do.
This is the phrasing referred to at the ~2 min mark in Ep 175.
... we'll look at why it's inevitable the gold price will I mean have to exceed a minimum consensus equilibrium price of $3,000 which will have to be the next staging point for the next leg of a very large physically driven rally.
As I understand it, Andy calls it as he sees it based on his contacts in the physical markets.
The word consensus in the above quote suggests to me an aggregation of opinion among the physical liquidity providers that Andy frequently mentions.
I had a look at a previous episode at random.
LFTV - 155 (12th Jan 2024)
""
15:13
... this is going to be the story of 2024 and let's kind of look why every Global South Central Bank ... as well as European and Asian Central Banks are positioning to revalue gold.
We'll look closer at the process as the weeks play out, but one thing is clear as it was at the commencement of 2023 ...
In spite of official gold market interventions against the dollar, gold would have to be revalued literally hundreds of dollars higher and now it's inevitable that by the fourth quarter of 2024, spot gold will be over $2500 and most of the same liquidity providers that predicted over $2000 by end of 2023 are now gravitating closer to $3000 per ounce.
In fact, one of my most respected liquidity providers very closely associated to the Russian Chinese markets sees the Russian driven BRICS chairmanship driving Glaziev's gold backed commodity currency forward and given that and people are not expecting this, it's been poo pooed by a lot of people, but this currency as it gets brought forward, they're estimating that $3000 is the bottom of the range assessment.
It's not that the dollar gold price is rising at all, it's actually that the purchasing power of the bankrupt, debt laden dollar and all the related fiat currencies is en route to slipping to zero against gold.
Later in the episode, he mentions the likely evolution of the gold for oil trade, but also that no-one wants or expects the dollar to immediately collapse ... there is a lot of vested interest and it cannot be unwound in a hurry... a real physical gold price will emerge.
Admittedly, this is a small sample of one previous episode at the start of this year, but there seems to be quite a bit of continuity between the numbers mentioned in these two episodes.
The "revaluation" mentioned in Ep 155 also seems to be relatively modest % wise (hundreds of dollars) and over time (akin to a rally).
There appear to be significant (some would say tectonic) global changes afoot.
It would therefore surprising if forward outlooks remained constant.
In particular when dealing with "elastic" yardsticks like fiat currencies.
A more constructive way of posing the question might be to identify a number of previously suggested instances of overnight revaluations and their context eg which actors might cause it.
It's even possible that put together with more recently available information, that an answer may suggest itself.
I joined them January 2023 on a promotion they run on social Media from time to time and pay less than the Kinesis offer per month. I agree w Sixgun; don't think it's connected to what Andy is saying in any way.
