China has reduced US Treasury holdings by -50% while increasing it's gold reserves by +200% in the last 20 years.
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1MsA8b3URm6XfhGdeM2b7mr2d7zmx73dg3 UnverifiedIf Biden had not frozen Russia's assets, this would not have happened.
Everybody's been buying gold like hotcakes. Iran war has probably many reasons, but one of them is to keep gold price down.
If/when Iran war ends I expect gold to go vertical.
Iran war to keep gold down? Why?
It's somewhat counter-intuitive, but war favors cash.
I thought you said that it was a reason to go to war with Iran. I would be surprised to see gold react so positively to an end of war. An end of war means negotiations are over and China resumes buying US treasuries. Unless you think China gets the better end of the deal at the end of the war, I find this difficult to believe
U.S. government will need to sell treasuries directly to global citizens, not the central banks through stablecoins.