(1) Brazil, Russia, India, China and Saudi Arabia (BRICS) are no longer in the top 15 purchasers of US debt. Their alliance has been slowly creating new methods of international payments. This is a major challenge to the "world currency" status of the US dollar. BRICS are driving up gold prices by redirecting their purchases of "money" into gold. "Gold is real money" has never been truer.
(2) Stablecoin, seventh largest buyer of US debt, must hold one dollar for every digital coin issued. Buyers of stablecoins are investing their money in US debt. This explains the full support of the US government in stable coin issuers. With the loss of BRICS buyers, new sources must be found to keep the music going. Look for the US government itself to be forced to park much more of it's US bonds on the populace via various taxpayer programs such as Social Security funds, etc.
Does being a fiancial whiz with dollars make one an expert with gold?
Comments
stablecoin is the private banking sector's CBDC
Does being a fiancial whiz with dollars make one an expert with gold?
I prefer chicken eggs, apples, liberty, etc., etc......cuz,,,, I can eat and still get paid. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Where are the BRICs buyers?
Ranked: The Biggest Buyers of U.S. Debt
Does being a fiancial whiz with dollars make one an expert with gold?
Strong demand.
Knowledge is the enemy of fear
not from the old guard.
Chart tells us two important things:
Does being a fiancial whiz with dollars make one an expert with gold?
Monopoly Money.