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BalajiΒ· 2025-09-01 14:15
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 πŸ‡ΊπŸ‡ΈπŸ‡»πŸ‡ͺ (@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 ...