For my sin, I receive an email AAP:
Central banks buy gold all over the world, but since 2021, official foreign purchases of the US Finance Bill, once considered the safest form of investment, have plummeted. Trust in the United States as the global economic powers are collapsing.
…
The article continues:
He suggests restocking emergency equipment and supplies. He warns that the devastating effects of Obamacare continue to be seen and finding good healthcare becomes increasingly difficult. “Let’s be friends with as many medical professionals as possible.”
I will not comment on my swing at the ACA. I cannot accurately replicate their photographs, but I can show how changes in the value of US Treasury and agents’ debt (in favoured by central bank dollar holdings) are shared with changes in the value of gold.
Figure 1: Changes in USD central bank reserves (blue), estimates of USD central bank reserves assuming 60% of unallocated reserves are USD (green), and gold central bank holdings (red), all in billions of USD. Source: Cofer, Gold Council and Author Calculations.
With the major international currencies being offshore by the end of 2024, it is not known whether the dollar has collapsed. As discussed elsewhere, 2025 is another issue.
In any case, don’t get financial news from AAP. In fact, don’t get health news from AAP.
