I wonder what this would look like next to a chart of the buying power of $1 USD.
chrissamperi on
Nobody is correlating the crypto sel off with the spike in gold value and I find really silly.
WolfyBlu on
“Gold futures”, so basically fiat gold.
turb0_encapsulator on
Trump is a bigger risk to the global economy than Covid.
Foxhound199 on
I can’t help but feel there is a key political event this graph is leaving out…
puredopamine on
I wonder how it looks next to the top ten performing tech stocks in that time
Zosostoic on
Lots of central banks specifically in the BRICS countries are buying gold and dropping USD. There are two turning points – it started subtly in 2009 after the great recession and in a more gross way in 2022 when the United States and allies froze the $300 billion of Russia’s foreign exchange reserves. And it’s just been picking up pace ever since.
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my father bought gold yesterday
was it a bad move?
I wonder what this would look like next to a chart of the buying power of $1 USD.
Nobody is correlating the crypto sel off with the spike in gold value and I find really silly.
“Gold futures”, so basically fiat gold.
Trump is a bigger risk to the global economy than Covid.
I can’t help but feel there is a key political event this graph is leaving out…
I wonder how it looks next to the top ten performing tech stocks in that time
Lots of central banks specifically in the BRICS countries are buying gold and dropping USD. There are two turning points – it started subtly in 2009 after the great recession and in a more gross way in 2022 when the United States and allies froze the $300 billion of Russia’s foreign exchange reserves. And it’s just been picking up pace ever since.
How tf did the war in Gaza cause gold to go up?