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Whether stablecoins or central banks and private investors the momentum is becoming considerable and is driven by the decline in credibility of the USD and USTs,

The US empire has been in decline for a while now - since the GFC, but this has accelerated since 2022 and the seizing of Russian central bank reserves.

The world is going multipolar and that means gold rather than USTs will be the preferred central bank reserve.

https://beta.predyx.com/market/gold-price-6000-before-may-2026-1769394325