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125 sats \ 5 replies \ @siggy47 2 Apr \ on: Is the World Witnessing De-dollarization Amidst a Peculiar Gold Market? econ
Do you see gold prices as an indication that BRICs are actually diversifying into gold, or is it more a signal of dollar weakness? I know China and India are probably increasing physical gold holdings.
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106 sats \ 2 replies \ @TomK OP 2 Apr
It's probably both... seems a strong move of capital
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52 sats \ 1 reply \ @riberet19 2 Apr
China has been buying physical gold and storing it for many years, even foreign gold holdings by melting down the bullion and putting its own stamp on it, they have been accumulating incessantly for more than 1 decade, but now they may have greatly increased the speed of acquisition
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21 sats \ 0 replies \ @TomK OP 2 Apr
Looks like they feel the pressure of putting the BRICs system in place very fast
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117 sats \ 1 reply \ @Bell_curve 2 Apr
Or a lack of dollar trust after seeing freezing and expropriation of Russian assets
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10 sats \ 0 replies \ @TomK OP 2 Apr
That's a factor, too. Stupid clown world in action...
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