00:00What about gold, Andrew? Alexander Altman from Barclays last week telling surveillance that it was actually, if anything was in a bubble, it was gold that was in a bubble. Can you comment on gold as almost records?
00:13Yeah, I mean, I would say the last, Vani, you know, I go around and speak at these conferences and the questions I've been getting for the last decade was, well, when is the dollar going to lose its reserve status?
00:25And I used to say to people, what, are people going to sell dollars by the euro or they're going to sell dollars by the Chinese one?
00:31You know, I just don't see that happening. And the mistake I made was I think other central banks are selling selling dollars and buying gold.
00:40I never thought gold would, you know, take take the mantle. So is it a bubble?
00:46Yeah. But if foreign central banks are reducing their treasury holdings and buying gold, then I think it can continue.
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