A Golden Opportunity for Anarchy!
Well well well... looks like my favorite shiny metal is making a comeback! Gold you see is like chaos. It's fair. It only makes sense when everything else is upside down. All these boring investors are running to it because of the big beautiful trade turmoil. And what's happening to those dull ol' U.S. Treasuries and the dollar? HA! They're taking a tumble! It's all tied to that orange faced buffoon's trade policies. Makes me want to clap... slowly. What's that Vivek Dhar guy said? Gold stepped into the void. The void of sanity perhaps? I'd love to fill that void with a little chaos.
Why So Serious About Safe Havens?
This 'flight to safe haven demand' is truly something special isn't it? The U.S. dollar and Treasuries usually the first to be clutched like a lifeline are now being abandoned like a bad joke. Dhar says it's because their 'safe haven appeal has declined.' Oh I find that hilarious! It's like watching Batman suddenly develop a fear of bats! Gold hit $3,500 per ounce on Tuesday and those boring analysts are predicting it'll just keep going up up up! Up to $4,000 by 2026 they say. Imagine all the mayhem one could cause with that kind of gold!
Treasuries and the Dollar: A Tragedy in Two Acts
Meanwhile the poor old U.S. Treasuries are seeing a sell off. The 30 year yield whatever that means hit the highest since November 2023 earlier this month. Boo hoo! And the U.S. dollar? Sliding faster than a politician caught in a scandal! Down 8% this year they say. Seems to me the world's realizing that putting all their eggs in one basket – especially a basket controlled by a bunch of clowns – isn't the smartest move. Time to break some eggs wouldn't you say?
Is This the End of the Greenback's Reign?
According to some John Reade at the World Gold Council confidence in the U.S. its economy and its 'principle assets' (whatever!) has been diminished. Well duh! But is it the 'Death of the U.S. Dollar'? I doubt it. But a little chaos a little fear... that's always good for business. Speaking of business it is simple: Abandon all hope ye who enter here.
When Gold Gets 'Special'
Ah the traditional inverse relationship between Treasury yields and gold... broken! Usually higher yields make gold less appealing. But not anymore! Gold's inflation hedging quality is what some guy named Michael Ryan calls 'special.' Tariffs are raising inflation which pressures Treasuries. But gold? It's seen as an inflation hedge. It's like everyone is running to me... i mean running to gold because they are scared. And you know what I always say introduce a little anarchy upset the established order and everything becomes chaos. I'm an agent of chaos. Oh and I know about chaos.
De Dollarization: A Symphony of Anarchy?
Emerging market central banks are diversifying away from the dollar and that's always a sign of great beautiful chaos. Some are even floating gold as a potential reserve currency! 'Countries realized that gold was a potential hedge against the U.S. freezing currency reserves,' That's smart actually. Makes you wonder what I could do with all that gold. One thing I am is predictable...
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tlcpro
This is fake news! The dollar is strong, and the economy is booming.
alexz1011
I have no idea what any of this means, so i'm going to buy more bitcoin!
princesaboricua7
De-dollarization is inevitable. The US has abused its power for too long.
flashlarue
The experts are so wrong. Gold is only valuable because society thinks it is.
kr2202
I knew Trump's trade wars would be a disaster. Gold is the only safe place.
jakejkjaw
I've always trusted gold. It's the one constant in a crazy world.
ptime40
The elite knows what's up; they're already buying gold.
sjb1221
I'm stocking up on canned goods. This is the end of the world as we know it!