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# ![@LukeGromen Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::2936015319.png) @LukeGromen Luke Gromen

Luke Gromen posts on X about china, debt, rates, fed the most. They currently have XXXXXXX followers and XXX posts still getting attention that total XXXXXXX engagements in the last XX hours.

### Engagements: XXXXXXX [#](/creator/twitter::2936015319/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2936015319/c:line/m:interactions.svg)

- X Week XXXXXXXXX +176%
- X Month XXXXXXXXX +137%
- X Months XXXXXXXXXX -XX%
- X Year XXXXXXXXXX -XX%

### Mentions: XX [#](/creator/twitter::2936015319/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2936015319/c:line/m:posts_active.svg)

- X Week XXX +68%
- X Month XXX +25%
- X Months XXXXX -XX%
- X Year XXXXX +23%

### Followers: XXXXXXX [#](/creator/twitter::2936015319/followers)
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- X Week XXXXXXX +0.65%
- X Month XXXXXXX +2%
- X Months XXXXXXX +5.80%
- X Year XXXXXXX +15%

### CreatorRank: XXXXXX [#](/creator/twitter::2936015319/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2936015319/c:line/m:influencer_rank.svg)

### Social Influence [#](/creator/twitter::2936015319/influence)
---

**Social category influence**
[finance](/list/finance)  #2728 [currencies](/list/currencies)  #347 [countries](/list/countries)  XXXX% [cryptocurrencies](/list/cryptocurrencies)  XXXX% [automotive brands](/list/automotive-brands)  XXXX% [social networks](/list/social-networks)  XXXX% [technology brands](/list/technology-brands)  XXXX% [stocks](/list/stocks)  XXXX% [travel destinations](/list/travel-destinations)  XXXX% [celebrities](/list/celebrities)  XXXX%

**Social topic influence**
[china](/topic/china) #571, [debt](/topic/debt) #667, [rates](/topic/rates) #375, [fed](/topic/fed) #418, [currency](/topic/currency) #486, [argentina](/topic/argentina) #1712, [up the](/topic/up-the) #222, [balance sheet](/topic/balance-sheet) #779, [russia](/topic/russia) #1674, [money](/topic/money) XXXX%

**Top accounts mentioned or mentioned by**
[@kingkong9888](/creator/undefined) [@schnapsideeg](/creator/undefined) [@newlowobserver](/creator/undefined) [@dampedspring](/creator/undefined) [@feeinc](/creator/undefined) [@amlivemon](/creator/undefined) [@tlanderso](/creator/undefined) [@onechancefreedm](/creator/undefined) [@tftc21](/creator/undefined) [@derivativesdon](/creator/undefined) [@benjamdavies](/creator/undefined) [@sorenthek](/creator/undefined) [@cullenroche](/creator/undefined) [@lawrencelepard](/creator/undefined) [@michaeljmcnair](/creator/undefined) [@fejauinc](/creator/undefined) [@gatorcosmist](/creator/undefined) [@grok](/creator/undefined) [@ces921](/creator/undefined) [@convertbond](/creator/undefined)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [SPDR S&P XXX ETF Trust (SPY)](/topic/$spy) [SPDR GOLD ETF (GLD)](/topic/$gld)
### Top Social Posts [#](/creator/twitter::2936015319/posts)
---
Top posts by engagements in the last XX hours

"US consensus: "China is undervaluing CNY which is why China runs a world-record trade surplus." But if China's 2024 gold imports👇were valued at $22000/oz they would've balanced China's 2024 trade surplus. Ie CNY is not undervalued v. USD; USD is wildly overvalued v. gold 🤯"  
[X Link](https://x.com/LukeGromen/status/1969059508266692939) [@LukeGromen](/creator/x/LukeGromen) 2025-09-19T15:22Z 355.3K followers, 143.7K engagements


"Is the US game plan on Argentina getting clearer yet IMO a smart move. .but the US "running the China playbook" amounts to the end of USD reserve status as it has been structured since 1971 replacing USTs with a neutral reserve asset like gold (perhaps why gold is bid)"  
[X Link](https://x.com/LukeGromen/status/1978800711199609166) [@LukeGromen](/creator/x/LukeGromen) 2025-10-16T12:30Z 355.3K followers, 78.8K engagements


"@tlb3047 @TFTC21 @MartyBent The dollar is still the worlds fiat payment currency the fact that gold is now bigger than treasuries in reserves tells us that is no longer true at the central bank reserve level"  
[X Link](https://x.com/LukeGromen/status/1979581802919370841) [@LukeGromen](/creator/x/LukeGromen) 2025-10-18T16:14Z 355.3K followers, 1034 engagements


"@fejau_inc @infraa_ @DerivativesDon Agree.and for me the 2nd derivative is more important: The US is shifting more to short term fr LT b/c it cannot issue sufficient duration at yields that do not blow up the UST mkt & the global economy. This is the same problem as 2000 Argentina just with better marketing"  
[X Link](https://x.com/LukeGromen/status/1979947672791650662) [@LukeGromen](/creator/x/LukeGromen) 2025-10-19T16:28Z 355.3K followers, 1326 engagements


"@MartinSkold2 they just need to be able to buy the marginal ton of oil in CNY & net settle in gold & the markets will take care of the rest. That will be enough for gold to re-become the world's reserve asset and that is exactly what's happening. :)"  
[X Link](https://x.com/LukeGromen/status/1980016016018096196) [@LukeGromen](/creator/x/LukeGromen) 2025-10-19T20:59Z 355.3K followers, XXX engagements


"Interesting (and telling) that many western neoliberal economists and western policymakers feel the same way about BTC as the Taliban feels about BTC. Great (and important) thread via @BrianEstes32 👇"  
[X Link](https://x.com/LukeGromen/status/1959255349992534218) [@LukeGromen](/creator/x/LukeGromen) 2025-08-23T14:04Z 355.3K followers, 58.7K engagements


"Gold will be a bigger % of global FX rsvs than USTs in a few mths Central bank gold ($4.3T) will likely soon be total USD assets in FX rsvs ($6.7T) Consensus only now shifting from "denial" to "anger" stage of grief on this.bargaining depression acceptance still to come via @jhamel"  
[X Link](https://x.com/LukeGromen/status/1971629513726656933) [@LukeGromen](/creator/x/LukeGromen) 2025-09-26T17:34Z 355.3K followers, 428K engagements


"1/ Im recording a 5-10 min YouTube video tonight to be released later this week; pls drop some questions below & Ill touch on as many as I can on a best efforts basis. Thx (Also pls feel free to subscribe to my YouTube channel.)"  
[X Link](https://x.com/LukeGromen/status/1975304369823490160) [@LukeGromen](/creator/x/LukeGromen) 2025-10-06T20:57Z 355.3K followers, 31.8K engagements


"Investors appear to have finally moved from the denial stage of grief to the anger & bargaining stages of grief about how post-1971 structure of USD reserve status has allowed China to de-industrialize the US. Cant fix it without ending post-71 structure of USD reserve status"  
[X Link](https://x.com/LukeGromen/status/1977484090774634685) [@LukeGromen](/creator/x/LukeGromen) 2025-10-12T21:18Z 355.3K followers, 107.7K engagements


"Thanks for having me back on WBD @_DannyKnowles - we covered some heavy topics vis a vis AI in particular but really enjoyed it"  
[X Link](https://x.com/LukeGromen/status/1978452106009792699) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T13:25Z 355.3K followers, 69.5K engagements


"Important caveat to the frequent statement "But foreign demand for USTs is still strong." At the very least 👇is an answer to "Why have 10y UST yields RISEN on equity sell-offs so often since 2022""  
[X Link](https://x.com/LukeGromen/status/1978515071048225135) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T17:35Z 355.3K followers, 50.6K engagements


"Great newsbut how did we only spend $37B on interest in the month on $37T in debt (WAY below annual run rate)and how did we only spend $32B in the month on Medicare (WAY below annual run rate)& why is Veterans Benefits spend XX% below mthly run rate of recent years 🤔"  
[X Link](https://x.com/LukeGromen/status/1978923526212960564) [@LukeGromen](/creator/x/LukeGromen) 2025-10-16T20:38Z 355.3K followers, 162.6K engagements


"A "pet rock" should not outperform equities long-term in an economy broadly engaged in positive economic value-added activities. A "pet rock" should absolutely outperform equities long-term in an economy broadly engaged in debt-fueled financial engineering to drive returns"  
[X Link](https://x.com/LukeGromen/status/1979194353038872686) [@LukeGromen](/creator/x/LukeGromen) 2025-10-17T14:34Z 355.3K followers, 494.5K engagements


"@scrappyabs @BenjamDavies And bc Abaxx is tying gold to energy and commodity trading"  
[X Link](https://x.com/LukeGromen/status/1979573851391762627) [@LukeGromen](/creator/x/LukeGromen) 2025-10-18T15:42Z 355.3K followers, 12.5K engagements


"@Sorenthek Yupand soon we are going to find out that optimism happy talk and crypto trading cannot build an industrial base And the people that know how to do that are mostly 5-8 years from retirement or death So we better get to itthe good outcome is VERY inflationary"  
[X Link](https://x.com/LukeGromen/status/1980062751369093506) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T00:05Z 355.3K followers, 1385 engagements


"We had a strong trade deal with China in 2001: China got our defense indl base & working class jobs we got disinflation that was good for the bond market Wash DC & Wall St. Fascinatingly investor consensus believes reversing that deal will somehow ALSO be disinflationary"  
[X Link](https://x.com/LukeGromen/status/1980306368080027828) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T16:13Z 355.3K followers, 69.1K engagements


"@quantradamus Only until double-digit unemployment drives consumer credit losses that drive the banking system to collapse a la 2008 which is followed by the Fed putting most of the global bond market on its balance sheet while also financing UBI for US voters at X% via QE"  
[X Link](https://x.com/LukeGromen/status/1980308873736262019) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T16:23Z 355.3K followers, 1103 engagements


"@quantradamus @GatorCosmist @grok Perhaps eventually but that leaves out what happens 1st: When we had a deflationary productivity miracle 2001-2015 when China entered the WTO X million Americans died of drug ODs which when added to the # of suicides & alcohol deaths rivaled Russian death rates post-USSR:"  
[X Link](https://x.com/LukeGromen/status/1980315721352798670) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T16:50Z 355.3K followers, XXX engagements


"@Econimica esp since rates have risen a ton since 2020 obviously"  
[X Link](https://x.com/LukeGromen/status/1980322303822180611) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T17:16Z 355.3K followers, 1642 engagements


"@johnkonrad @ssankar Serious question: Those things you list are all US hegemonic imperatives. Why would China use its navy to support US hegemonic imperatives when the US is openly admitting to trying to strangle China (and Russia) to death"  
[X Link](https://x.com/LukeGromen/status/1980330709618499868) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T17:50Z 355.3K followers, 1509 engagements


"MOVE UST Volatility Index (blue RS) v. DXY (red LS). (Large US twin deficits) + (US Net Int'l Investment Position of -XX% of GDP) + ($13T in foreign USD-denominated debt) = High correlation b/t DXY and UST volatility"  
[X Link](https://x.com/LukeGromen/status/1969119997193568707) [@LukeGromen](/creator/x/LukeGromen) 2025-09-19T19:22Z 355.3K followers, 46.7K engagements


""The Debasement Trade" since COVID: In USD: NDX up XXX% SPX up XXX% Home prices up 56%. In gold: NDX up X% SPX down XX% Home prices down 37%. In BTC: NDX down XX% SPX down XX% Home prices down 87%"  
[X Link](https://x.com/LukeGromen/status/1974184554782220583) [@LukeGromen](/creator/x/LukeGromen) 2025-10-03T18:47Z 355.3K followers, 1M engagements


"Disagree. It is spending USD to buy what amount to wildly undervalued lithium shale gas shale oil forwards in the ground in Argentina"  
[X Link](https://x.com/LukeGromen/status/1976436190330093777) [@LukeGromen](/creator/x/LukeGromen) 2025-10-09T23:54Z 355.3K followers, 107.1K engagements


"File under Things central bankers shouldve thought harder about before making funding ill-advised wars and bailouts for fraud a core central bank line of business since the year 2000. Headline via @GoldTelegraph_"  
[X Link](https://x.com/LukeGromen/status/1978191316530983149) [@LukeGromen](/creator/x/LukeGromen) 2025-10-14T20:08Z 355.3K followers, 75.8K engagements


"Really important chart from @Econimica (who is a great follow.) QT never happened in 10+yr USTs post-2022"  
[X Link](https://x.com/LukeGromen/status/1978250481941037223) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T00:04Z 355.3K followers, 406.3K engagements


"@WarrenPies 10y been following DXY weaker USD = lower 10y ylds"  
[X Link](https://x.com/LukeGromen/status/1978459783192568032) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T13:55Z 355.3K followers, 3622 engagements


"China on US trade tensions: "Fluctuations Fluck you Americans too" There'll be another show at 8pm. Try the fish"  
[X Link](https://x.com/LukeGromen/status/1978832155926045060) [@LukeGromen](/creator/x/LukeGromen) 2025-10-16T14:35Z 355.3K followers, 51.3K engagements


".and $5790👇 assumes Central Banks never buy any more gold When gold % of global reserves is USD % of global reserves post-71 structure of USD reserve status will have ended replaced by a modified version of Bretton Woods where USD = reserve currency gold = reserve asset"  
[X Link](https://x.com/LukeGromen/status/1980269641286197576) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T13:47Z 355.3K followers, 113K engagements


"@FEEInc What happens to the bond market when Central Bank bidding of those assets as reserves sends inflation to levels that requires double digit interest rates thereby bankrupting western sovereigns Bidding useful commodities as reserve assets would collapse the global economy"  
[X Link](https://x.com/LukeGromen/status/1980298170283569285) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T15:40Z 355.3K followers, 1875 engagements


"@ces921 Put this one in the same file as DOGE will cut $2T in spending and we have all the cards"  
[X Link](https://x.com/LukeGromen/status/1980301658107306134) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T15:54Z 355.3K followers, 1192 engagements


"@grok @GatorCosmist @quantradamus This 👆 is the part that is always left out @quantradamus"  
[X Link](https://x.com/LukeGromen/status/1980317173710307527) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T16:56Z 355.3K followers, 1346 engagements


"@johnkonrad @ssankar Here's Condi Rice in 2014 on German TV telling her hosts that they needed to switch from Russian gas to US gas (even though Russian gas was cheaper) presumably b/c Russian gas would be priced in EUR threatening USD hegemony.5 yrs later NordStream X "Epstein'd itself":"  
[X Link](https://x.com/LukeGromen/status/1980362411946422749) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T19:56Z 355.3K followers, XXX engagements


"Not if you are long electrical equipment equities and US industrial infrastructure (& probably Japanese & S. Korean suppliers.) "What is normal for the spider is chaos for the fly.""  
[X Link](https://x.com/LukeGromen/status/1955645533030350861) [@LukeGromen](/creator/x/LukeGromen) 2025-08-13T15:00Z 355.3K followers, 55.4K engagements


"@BostonXpat @WarrenPies DXY v. UST MOVE Volatility Index. DXY bottomed UST vol bottomed. DXY goes up UST Vol will go up. UST vol goes up Trump will have to TACO fast again"  
[X Link](https://x.com/LukeGromen/status/1978505668651815354) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T16:58Z 355.3K followers, XXX engagements


"@NewLowObserver Where on this 40-year log chart of gold rising in Indian Rupee was the "doom" you speak of above"  
[X Link](https://x.com/LukeGromen/status/1978516295940235715) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T17:40Z 355.3K followers, XXX engagements


"@SchnapsideeG this is the part that investors & strategists in global money centers simply refuse to get not only do we not have the skilled trades but we will seen a quorum age out in 5-8 yrs and we cannot replace them without blowing up the UST mkt on a real basis (& therefore the USD)"  
[X Link](https://x.com/LukeGromen/status/1978829180394438796) [@LukeGromen](/creator/x/LukeGromen) 2025-10-16T14:23Z 355.2K followers, XXX engagements


"@jmroberge @KingKong9888 Here's foreign held USTs from Fed. Shows $120B in 1980. 261m US official gold oz. at $XXX (gold traded there only momentarily) is $208B or 174%. Using $XXX gold = 131%"  
[X Link](https://x.com/LukeGromen/status/1979911290362482753) [@LukeGromen](/creator/x/LukeGromen) 2025-10-19T14:03Z 355.3K followers, XXX engagements


"@infraa_ @fejau_inc @DerivativesDon Yes. And if that collateral is trading at XX cents in the free market and the SRF (or BTFP) offers par for collateral trading at XX cents in the free market (as was the case in March 2023) that is functionally YCC (for banks in the case of BTFP)"  
[X Link](https://x.com/LukeGromen/status/1979944779338113503) [@LukeGromen](/creator/x/LukeGromen) 2025-10-19T16:16Z 355.3K followers, 1498 engagements


"@fejau_inc @infraa_ @DerivativesDon Well of course it does because the Fed has never stopped growing holdings of longer-term USTs (red). Only the declining blue line needs support. "But that's just rolling over other bonds" but gold $4200 & BTC $107000 say "Who cares""  
[X Link](https://x.com/LukeGromen/status/1979946344065232929) [@LukeGromen](/creator/x/LukeGromen) 2025-10-19T16:22Z 355.3K followers, 1280 engagements


"@DerivativesDon @infraa_ @fejau_inc And what are the limits on that one balance sheet None. That balance sheet is infinite. SRF codifies the Fed's 3rd mandate ("UST market functioning") as more important than inflation or low unemployment"  
[X Link](https://x.com/LukeGromen/status/1979946721837732152) [@LukeGromen](/creator/x/LukeGromen) 2025-10-19T16:24Z 355.3K followers, XXX engagements


"How is it in US national interest to be canceling a proposed transformer manufacturing facility in "Flyover Country USA" when we are short transformers & revamping the grid Comforting Wash DC trade war slogans don't conduct electricity - we need actual infrastructure for that"  
[X Link](https://x.com/LukeGromen/status/1920521031019634940) [@LukeGromen](/creator/x/LukeGromen) 2025-05-08T16:47Z 355.3K followers, 29.5K engagements


"China CNY-denominated commodity trade on pace to hit $320B No one trusts CNY USD but everyone trusts gold USD so China's used gold floating in all FX & commodities to facilitate this Since annual commodity trade = 10-15x gold prod'n gold/oil commodity ratios keep rising @TheMichaelEvery"  
[X Link](https://x.com/LukeGromen/status/1974145236168225093) [@LukeGromen](/creator/x/LukeGromen) 2025-10-03T16:11Z 355.3K followers, 45.3K engagements


"2008: World's biggest commodity producer (Russia) begins buying gold in FX reserves - gold/commodity ratio at XXX 2025: Gold/commodity ratio at XXX & breaking out; Russian FX reserves at all-time highs (despite war & sanctions) driven by gold prices"  
[X Link](https://x.com/LukeGromen/status/1975237846249132364) [@LukeGromen](/creator/x/LukeGromen) 2025-10-06T16:32Z 355.3K followers, 81.4K engagements


"The US government is selling USTs to buy commodities and selling USDs to buy Argentine pesos and you're trying to call a top in gold Good luck with that"  
[X Link](https://x.com/LukeGromen/status/1976662975474987309) [@LukeGromen](/creator/x/LukeGromen) 2025-10-10T14:55Z 355.3K followers, 182.7K engagements


"Trump: "One of the policies currently under consideration is a massive increase in tariffs on Chinese products entering the United States of America." A simple metaphor in case you've forgotten how this went in April: Boy = Trump Dart gun = Tariffs UST market = Crotch"  
[X Link](https://x.com/LukeGromen/status/1976683057433268282) [@LukeGromen](/creator/x/LukeGromen) 2025-10-10T16:15Z 355.3K followers, 52K engagements


"CNY gold up with oil only priced in USD = CNY hyperinflation. CNY gold up with oil priced in CNY = gold buys more oil in China than in west so gold flows west to east until gold rises. This allows China + Russia control to gold prices. THIS is why CNY oil was so critical"  
[X Link](https://x.com/LukeGromen/status/1978495870732501419) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T16:19Z 355.3K followers, 86K engagements


"Putin lays out the "debt debasement trade".in October 2016:"  
[X Link](https://x.com/LukeGromen/status/1978534758008136113) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T18:53Z 355.3K followers, 45.7K engagements


"US Federal debt has grown XXX% CAGR since 2008. IE we are & have been HUNDREDS of basis points below true "neutral" for XX years. If you disagree with me pls DM me - I'll borrow XXX% more money per yr CAGR at 0-4% from you like the US govt has done as much as you'll lend"  
[X Link](https://x.com/LukeGromen/status/1978869561329094741) [@LukeGromen](/creator/x/LukeGromen) 2025-10-16T17:04Z 355.3K followers, 95.5K engagements


"Some important context for the $XXX gold peak in 1980 that Jim Simons talks about in the great 5-minute clip below (h/t @BenjamDavies): Gold would have to be $48000/oz to equal its 1980 valuation relative to US foreign held USTs of 135%. Today that % is 12%👇"  
[X Link](https://x.com/LukeGromen/status/1979554159390294384) [@LukeGromen](/creator/x/LukeGromen) 2025-10-18T14:24Z 355.3K followers, 310.3K engagements


"Gold USTs in global FX reserves means post-71 structure of USD reserve status is coming to an endthanks for having me back on @TFTC21 @MartyBent"  
[X Link](https://x.com/LukeGromen/status/1979573070789820762) [@LukeGromen](/creator/x/LukeGromen) 2025-10-18T15:39Z 355.3K followers, 76.8K engagements


"And people think gold is a top or a bubble LOL Watch this 80-second clip"  
[X Link](https://x.com/LukeGromen/status/1979912307757986091) [@LukeGromen](/creator/x/LukeGromen) 2025-10-19T14:07Z 355.3K followers, 140.5K engagements


"@johnkonrad @ssankar Here's former CIA officer Charles Duelfer from 2014 stating that China saw the US reaction to 2008 (printing money to devalue China's USD holdings instead of engaging in austerity as the US had always forced everyone else to do via the IMF) as a "financial attack on China":"  
[X Link](https://x.com/LukeGromen/status/1980361907216478226) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T19:54Z 355.3K followers, XXX engagements


"If USD dominance is the trump card weapon many Western investors frequently say it is why doesnt the US just print up the dollars to build an indl base to undermine Chinas critical mineral dominance Thats the winning move but the real value of bonds will NOT like it"  
[X Link](https://x.com/LukeGromen/status/1980405925145112858) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T22:49Z 355.3K followers, 44K engagements


"@Birdyword Looks like we are nearing the year end 2019 divergence of these two data series just this time on steroids"  
[X Link](https://x.com/LukeGromen/status/1980407315036828083) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T22:54Z 355.3K followers, 4769 engagements


"@knightseek @tphuang Why study engineering or skilled trades unless you can make multiples of professions that are far easier to learn and do Esp when the cost of housing has been inflated so much"  
[X Link](https://x.com/LukeGromen/status/1980416977459171721) [@LukeGromen](/creator/x/LukeGromen) 2025-10-20T23:32Z 355.3K followers, 6315 engagements


"Gold market: Only investors who hold physical metal unlevered will participate in the systemic phase change. Levered paper traders will get shaken out. "All paper will burn." - ANOTHER"  
[X Link](https://x.com/LukeGromen/status/1980634176069202075) [@LukeGromen](/creator/x/LukeGromen) 2025-10-21T13:56Z 355.3K followers, 22.5K engagements


"Since the GFC the US has substantially had Federal government-driven credit growth yet many investors still operate from a first-principles basis of the US is fundamentally capitalist. Wisdom is seeing things for what they are not for what they are called"  
[X Link](https://x.com/LukeGromen/status/1760019153996443868) [@LukeGromen](/creator/x/LukeGromen) 2024-02-20T19:10Z 354.8K followers, 97.4K engagements


"If the "experts" the US has relied upon for the past XX years had been any good Trump would not be president. "If the rule you followed brought you to this of what use was the rule" -Anton Chigurh in Cormac McCarthy's No Country for Old Men"  
[X Link](https://x.com/LukeGromen/status/1927777569136312604) [@LukeGromen](/creator/x/LukeGromen) 2025-05-28T17:22Z 354.8K followers, 72.9K engagements


"With Chinese consumers having imported 13352 tonnes of gold in the past XX years can someone tell me how much Chinese stimulus/balance sheet improvement today's $XX rise in gold represents I'm showing $XX billion.just today. With gold up $1100 v. 1y ago $472B. Thoughts"  
[X Link](https://x.com/LukeGromen/status/1970178997171691781) [@LukeGromen](/creator/x/LukeGromen) 2025-09-22T17:30Z 355.1K followers, 56.4K engagements


"@KingKong9888 Thank you Interestingly "The Raven of Zurich" recommended a similar policy in 1931 to avoid catastrophe but was ignored. From Straumann's "1931": @Sorenthek @themarketsniper @maneco1964 @MakeGoldGreat @oriental_ghost @thesiriusreport @LukeGromen @Kathleen_Tyson_ @KELMAND1"  
[X Link](https://x.com/LukeGromen/status/1971232233836159367) [@LukeGromen](/creator/x/LukeGromen) 2025-09-25T15:16Z 355K followers, 5342 engagements


"Back in Dec-2019 the late great Harald Malmgren quietly dropped a huge hint that only a few people noticed at the time: "Quietly China continues aim for gold based Yuan." Not gold-backed gold-BASED. Big difference.YUGE. Gold was $1470 the day he tweeted this👇"  
[X Link](https://x.com/LukeGromen/status/1972661375454351400) [@LukeGromen](/creator/x/LukeGromen) 2025-09-29T13:54Z 354.9K followers, 93.1K engagements


"The thing I have noticed is that when the anecdotes and the data disagree the anecdotes are usually right. There is something wrong with the way that you are measuring it." -Jeff Bezos"  
[X Link](https://x.com/LukeGromen/status/1973773924078149668) [@LukeGromen](/creator/x/LukeGromen) 2025-10-02T15:35Z 355K followers, 49.9K engagements


"CNBC reporting on what JPM calls "the debasement trade" of overweight gold & BTC. "The trick to being a successful investor is having everyone agree with you.later." -@S_Mikhailovich"  
[X Link](https://x.com/LukeGromen/status/1973792545085010361) [@LukeGromen](/creator/x/LukeGromen) 2025-10-02T16:49Z 355K followers, 88.1K engagements


"Yupso all those mortgages car loans etc loans default Which collapses the western banking system a la GFC Western banks hold USTs as reserves which they would sell sending rates UP in a recession Fed either has to prints bigly (gold BTC up) or system collapses (gold BTC up)"  
[X Link](https://x.com/LukeGromen/status/1975212639602028619) [@LukeGromen](/creator/x/LukeGromen) 2025-10-06T14:52Z 355K followers, XXX engagements


"If weak 10y UST auctions are already starting with DXY only at XX the "core" is running into a "USD problem" nearly as fast as the "periphery".but the core can print USDs. Gold appears to understand this"  
[X Link](https://x.com/LukeGromen/status/1976000092025806895) [@LukeGromen](/creator/x/LukeGromen) 2025-10-08T19:01Z 355K followers, 73.1K engagements


"@Brad_Setser @sobel_mark IMO by buying pesos they are gaining access to undervalued currencies: Argentine lithium shale oil shale gas etc. Energy is the true base currency"  
[X Link](https://x.com/LukeGromen/status/1976360489409257791) [@LukeGromen](/creator/x/LukeGromen) 2025-10-09T18:53Z 355.1K followers, 1952 engagements


"@Chris_Repke @nikitabier XXX% Deflation is the midwife of hyperinflation"  
[X Link](https://x.com/LukeGromen/status/1976362209543631322) [@LukeGromen](/creator/x/LukeGromen) 2025-10-09T19:00Z 354.9K followers, XXX engagements


"You will exchange CNY for AUD with your central bank and then your central bank will exchange any net CNY for gold that floats in CNY. As the CNY keeps falling against that gold that means you can buy more Chinese goods w/gold feeding a virtuous cycle of trade & at any rate making CNY "China's currency AND China's problem" unlike the USD which "US' currency but YOUR problem.""  
[X Link](https://x.com/LukeGromen/status/1976662240653619591) [@LukeGromen](/creator/x/LukeGromen) 2025-10-10T14:52Z 355.1K followers, XXX engagements


"@ArsenalStu All getting priced down will do will accelerate the rate of drain"  
[X Link](https://x.com/LukeGromen/status/1976689583250461183) [@LukeGromen](/creator/x/LukeGromen) 2025-10-10T16:41Z 355.1K followers, XXX engagements


"@FinanceLancelot Lacy Hunt is ignoring a critical first principle: In 1929-30 the US was on a gold standard. In gold terms the US is seeing deflation (gold up.) I.e. the market is behaving exactly as he is forecasting he is just (wrongly) treating the USD as if it is still pegged to gold"  
[X Link](https://x.com/LukeGromen/status/1976729871872094658) [@LukeGromen](/creator/x/LukeGromen) 2025-10-10T19:21Z 355.1K followers, 4577 engagements


"@TheMichaelEvery More like 5-15 yrs for REE refining 10-20 years for REE mining"  
[X Link](https://x.com/LukeGromen/status/1976840914623775090) [@LukeGromen](/creator/x/LukeGromen) 2025-10-11T02:42Z 354.7K followers, 4487 engagements


"@TheMichaelEvery @bradfordonian @risibleusername Unless you think the US is going to force rates traders mortgage brokers & other white collar workers into manufacturing and skilled trades at gunpoint & then they will become expert tradespeople within months then not abiding markets will not shorten lead times here much"  
[X Link](https://x.com/LukeGromen/status/1977019654410518850) [@LukeGromen](/creator/x/LukeGromen) 2025-10-11T14:33Z 354.7K followers, 2117 engagements


"@risibleusername Not even close"  
[X Link](https://x.com/LukeGromen/status/1977393396269367348) [@LukeGromen](/creator/x/LukeGromen) 2025-10-12T15:18Z 355K followers, 1459 engagements


"@levenson_david Gold going up IS the massive protracted deflation youre waiting for. This is because the world is on fire and 6+ billion people know you dont buy the LT bonds of an insolvent sovereign for your duration when the world is on fire - you buy gold. no"  
[X Link](https://x.com/LukeGromen/status/1977534319330508885) [@LukeGromen](/creator/x/LukeGromen) 2025-10-13T00:38Z 355K followers, XXX engagements


"@onechancefreedm Gold manages FX convertibility liquidity mismatch and collateral scarcity (even BIS calls gold collateral) and gold's price rise in the last year alone has improved Chinese consumer balance sheets by an estimated $1.2T"  
[X Link](https://x.com/LukeGromen/status/1978506769899880932) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T17:02Z 354.8K followers, 21.9K engagements


"@NewLowObserver X. Yes it does as gold rises more. X. Same is true of US per Greenspan (below). X. Yes.& that was stopped by USD being massively devalued v. JPY (& US troops in Japan which aren't in China.) X. True"  
[X Link](https://x.com/LukeGromen/status/1978527285457064072) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T18:23Z 355.1K followers, XXX engagements


"@Kacper_PK_CH The U.S. can do it anytime they want by stopping managing the exchange rate of the USD to gold CNY gold is 28000 USD gold at 7000 means USD/CNY of XXX 14000 = XXX 28000 = 1.0"  
[X Link](https://x.com/LukeGromen/status/1978580586676551737) [@LukeGromen](/creator/x/LukeGromen) 2025-10-15T21:55Z 355.1K followers, 1563 engagements


"@amdshorn @Chris_Repke @michaeljmcnair @onechancefreedm @GraphCall @jameshenryand Yeah most investors are calling gold a bubble not realizing the actual bubble is LT USTs"  
[X Link](https://x.com/LukeGromen/status/1978847275934777613) [@LukeGromen](/creator/x/LukeGromen) 2025-10-16T15:35Z 355K followers, XXX engagements


"@Sorenthek @Puncher522 @TeslaRoshi @KimGits1 My view is the day the US openly prints USD to buy gold USD reserve status as structured post-1971 is over gold is declared the new reserve asset and the USD resumes trading on balance of payments on which basis the USD is by far the dirtiest dirty shirt"  
[X Link](https://x.com/LukeGromen/status/1979198297903337715) [@LukeGromen](/creator/x/LukeGromen) 2025-10-17T14:50Z 354.7K followers, 1961 engagements


"@Sorenthek @Puncher522 @TeslaRoshi @KimGits1 2/ From that standpoint the USD would plummet v. CNY which if one thinks China's economy is heavily reliant on the US would drive a depression but China's economy is empirically not heavily reliant on the US certainly not as much as many think"  
[X Link](https://x.com/LukeGromen/status/1979199568408441313) [@LukeGromen](/creator/x/LukeGromen) 2025-10-17T14:55Z 354.7K followers, 1718 engagements


"Happy to - as soon as you explain how we only spent $37B on interest in the month on $37T in debt (WAY below annual run rate) & how we only spent $32B in the mth on Medicare (WAY below annual run rate) & why Veterans Benefits spend is XX% below mthly run rate of recent"  
[X Link](https://x.com/LukeGromen/status/1979240932584132763) [@LukeGromen](/creator/x/LukeGromen) 2025-10-17T17:39Z 355.1K followers, XXX engagements


"@matthewstoller The biggest longest lasting monopoly in the modern world was the USD's monopoly on the pricing of oil and commodities. Until we let that go we cannot possibly have free markets nor can we stop China from using the USD system against us"  
[X Link](https://x.com/LukeGromen/status/1979562355790106836) [@LukeGromen](/creator/x/LukeGromen) 2025-10-18T14:56Z 355.1K followers, XXX engagements


"@FEEInc @BenjamDavies How much do you think it would cost to build a fine suit of armor in the United States today assuming you could even find the skilled trades to do it Id be surprised if you could do it for under $20000"  
[X Link](https://x.com/LukeGromen/status/1979573577973416270) [@LukeGromen](/creator/x/LukeGromen) 2025-10-18T15:41Z 355.1K followers, 1259 engagements