MACKGOLD | OBSIDIAN CIRCLE
Department of Strategic Geopolitics and Natural Resources
Why Monetary Expansion Alone Does Not Determine the Price of Gold
Publication Date: June 1, 2026
Introduction. The Error of Linear Liquidity Perception
In modern financial analysis, the growth Continue reading


How Capital Flows Shape the Price of the Metal
MACKGOLD | OBSIDIAN CIRCLE
MACKGOLD | OBSIDIAN CIRCLE
MACKGOLD | OBSIDIAN CIRCLE
MACKGOLD | OBSIDIAN CIRCLE
MACKGOLD | OBSIDIAN CIRCLE
The Return of Physical Metrics: Energy, Water and Time as Units of Value
Why banks in some countries buy gold from the population
Not a Price Increase, but the Collapse of the Measuring Scale