The share of U.S. dollar reserves held in global FX reserves has dropped to 57.4%, the lowest it's been in at least 25 years
Meanwhile, Gold has risen to its highest level over the same period. https://x.com/Barchart/status/1921026392222752979
..especially if Trump continues the path of thrashing the 'American brand'.
..Gold is the way to Trump-proof one's portfolio from the spectre of US sinking into the abyss.
..the best approach is not to trade it, and gradually accumulate without a profit-focus. Treating it like an insurance hedge.
..with everything that we see now
> sky-high world debt levels
> overvalued stock markets running on gambling binge
> economic deterioration with stagflationary prospects
> geopolitical disorders on levels never seen since before the start of WW2
> societal disorders
> spectre of AI threat
..Risk premiums are running high, which is being reflected in the Gold price.
..the US have been bringing (and buying) their Gold back, China has lifted import quota on Gold and encouraging their insurance agencies to lift their Gold holdings while its central bank continues to add Gold
..while Australia, being one of the largest gold producers, allowed our gold company to be taken over by foreign party, and our RBA's miniscule gold holding in London vault is probably now non-existent
..when will we wake up that those who hold the Gold makes the rule?
..we are trying to hoard the wrong critical mineral like lithium! While we 'mortgage' away our Gold.
