When geopolitical & socio-economic tensions rise, both people & nations turn to hard assets.
One big buyer in particular has been Beijing. China has been swapping Treasuries for gold for years, lifting reserves to over 74m ounces. 👉 This is a reflection of both state policy and popular sentiment: hedging against dollar risk, sanctions, and China’s own shaky property and stock markets. Source: Chamath Palihapitiya @chamath, Steno Research, Bloomberg
Gold is now above $4,000/oz, and who would’ve thought silver would remain this cheap relative to gold?
Source: Tavi Costa, Macro Trends
Gold vs stocks
Source: Bloomberg, Tracy Shuchart (𝒞𝒽𝒾 )
Bitcoin will become a “pillar of financial security,” like gold, and be included in international monetary institutions' official reserves by 2030, per Deutsche Bank.
Source: Bitcoin news
Goldman is raising their gold price Dec2026 forecast to $4,900 (prior $4,300)
Source: Goldman Sachs
Ken Griffin says investors are flocking to gold and ditching the dollar to “de-risk their portfolios from U.S. sovereign risk.”
Source: Bloomberg
Since 2000, dollar is down 82% against gold
Source: Willem Middelkoop @wmiddelkoop on X
Debasement Trade propels Gold, Silver and Bitcoin as investors flock to the perceived safety of real assets while pulling away from major currencies.
The Yen tumbled on Monday as pro-stimulus lawmaker Sanae Takaichi was set to become Japan’s next PM. The dollar, which has weakened about 30% against Bitcoin this year, remains under pressure as the US government shutdown drags on. The euro has its own problems w/fresh political uncertainty brewing in France. Source: Bloomberg, HolgerZ
