X @Balaji

But why are gold prices rising? Because BRICS is stacking gold bricks, and the Russian sanctions eroded the store-of-value function of the dollar.And why did the Fed hike rates and devalue Treasuries? Because inflation was eroding the purchasing power of the dollar. https://t.co/PkkYeWPggWDaniel Di Martino 🇺🇸🇻🇪 (@DanielDiMartino):@balajis This is just the mechanical effect of rising gold prices and reduced US treasury value amid higher interest rates... not that gold holdings and treasury holdings changed m ...