| ▲ | Gold overtakes U.S. Treasuries as the largest foreign reserve asset(economictimes.indiatimes.com) |
| 66 points by lxm 2 hours ago | 23 comments |
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| ▲ | yalogin a minute ago | parent | next [-] |
| I am actually convinced that the last year started the descent of the U.S. as the world’s super power. No wonder U.S. treasuries lost trust. It’s only going to get worse. It doesn’t matter what some billionaires do/get from their ability to manipulate some powers be. The rest of the investment community understands that free markets are strengthened by rule of law and adherence to the law and deploying a self styled socialistic distribution of economic capital is not signaling strength but weakness to the world. |
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| ▲ | aloha2436 2 minutes ago | parent | prev | next [-] |
| America was in practice running an empire that collected tribute from the rest of planet earth in exchange for entries in a database denominated in a currency they controlled and was accepted everywhere. Really the only way it could go wrong is putting it under the control of someone too stupid to understand the kayfabe... |
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| ▲ | icegreentea2 13 minutes ago | parent | prev | next [-] |
| The events of the last year certainly have a role to play, but the overall effect is just the result of trendlines that have been in play for quite a while. Here's a world gold council (i know...) review/survey of central banks gold holdings from mid 2025 (https://www.gold.org/goldhub/research/central-bank-gold-rese...). It notes that gold purchases (by mass) have been elevated going back to ~2023. Gold prices have also been on an upward trajectory ever since 2023 (https://goldprice.org/gold-price-history.html) Whatever is happening now is bigger than actions over the last year. |
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| ▲ | potamic 20 minutes ago | parent | prev | next [-] |
| Dated Jan 9. When the headlines is in present tense, it is kinda misleading to post as-is at a later time. |
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| ▲ | consumer451 43 minutes ago | parent | prev | next [-] |
| The fact that this all happened by choice is really something. It's like witnessing a self-decapitation. |
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| ▲ | refurb 8 minutes ago | parent | next [-] | | Not really. It has more to do with gold is now worth almost 3x what it was 2 years ago. And before you get too excited, this "news" from the World Gold Council. A consortium of gold mining corporations. Clearly it's a pump article "have you bought gold yet? everyone else is! why not you!?!?" | | |
| ▲ | consumer451 2 minutes ago | parent [-] | | Are you saying that the USA is doing just great and there is nothing for anyone to worry about? Are you saying that the price of gold just spontaneously went up? |
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| ▲ | themafia 25 minutes ago | parent | prev | next [-] | | America just experienced a leveraged buy out. | |
| ▲ | SilverElfin 33 minutes ago | parent | prev [-] | | It’s not a self decapitation exactly. I think Trump, his family, his corporate donors, and other friends are all willing to sacrifice everyone else - including the lead America had - to make themselves rich and powerful. Every single decision to spend - defense, ICE contracts, AI, approvals of anticompetitive acquisitions, changes to regulations, etc - is making that circle richer at our expense. They don’t care if American supremacy is lost or if the dollar crashes or if the national debt becomes a crisis. As long as they have their wealth. The public is being decapitated, not them. | | |
| ▲ | consumer451 31 minutes ago | parent | next [-] | | That's fair. I agree. I was thinking of the USA as one actor. The USA votes, or chooses not to, and that has effects. | | |
| ▲ | SilverElfin 28 minutes ago | parent [-] | | True. In that sense the voters have self decapitated. I can’t understand how the Trump administration still has support from 40% of the country (per polls). I could understand voting for him due to some issue a voter has strong feelings about. But now we have seen it all play out and it’s a disaster leading to national ruin. And there is no talk of impeachment, trials, and accountability for everyone in his circle. So I guess that 40% does choose to self decapitate. | | |
| ▲ | b3ing 24 minutes ago | parent [-] | | They don’t care when the media on am and talk radio, evangelical and mega churches, and all the conservative news tells them what to believe | | |
| ▲ | consumer451 17 minutes ago | parent | next [-] | | Media that is never critical towards one side is what started all of this. A politician's kryptonite is when their voters find out that they lied or were hypocrites. That is a universal truth. Single party media outlets like News Corp, Sinclair, Euronews, and so many others have broken that system entirely. My test to see if someone is a shill/moron is to simply ask them to say one obvious bad thing about "their side." If they cannot, it becomes clear that they are not worth listening to. | |
| ▲ | georgemcbay 13 minutes ago | parent | prev [-] | | > and all the conservative news tells them what to believe And most traditional news is conservative now. The idea that the mainstream media was ever leftest was always wrong, but these days its absolutely laughable and yet a lot of people still parrot this like it is the truth. |
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| ▲ | refurb 7 minutes ago | parent | prev | next [-] | | How does sacrificing America's lead make American oligarchs richer? That doesn't even make sense. | |
| ▲ | dartharva 18 minutes ago | parent | prev [-] | | Weakening your own domain to get powerful sounds clearly contradictory, yet there are so many examples of elites doing exactly that despite the fact that doing so must've required foresight and planning elaborate enough to not blind them from the consequences. |
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| ▲ | johng 11 minutes ago | parent | prev | next [-] |
| If the value of gold goes up, doesn't this essentially help the US anyway? I believe our gold reservers are twice that of the closest country? Source: https://tradingeconomics.com/country-list/gold-reserves |
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| ▲ | somenameforme 2 minutes ago | parent [-] | | Too tired to write a novel like I usually would here, but we control the printing and, in large part, the distribution of USD. We don't control anything about gold. Then the USD was king, it entailed tremendous power and control in many ways beyond the obvious like the ability to try to kick people out of the 'global' economy. This is the not-so-secret purpose behind BRICS and dates back to issues starting in 1971. |
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| ▲ | therobots927 an hour ago | parent | prev [-] |
| America really is in for a wake up call. |
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| ▲ | refurb 6 minutes ago | parent | next [-] | | Why? Because gold bugs caused a gold bubble? | |
| ▲ | themafia 23 minutes ago | parent | prev [-] | | The federal government is. We'll see if the founders concept of a union of states is worth as much as it was proclaimed to be. | | |
| ▲ | therobots927 11 minutes ago | parent [-] | | That’s interesting. Hadn’t thought of it that way. I can’t for the life of me figure out why more blue states aren’t taxing their wealthy occupants to cover the gap in lost federal funding from DOGE. If they were smart they would start stretching that muscle. |
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