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🍊📈 Gold knocks out Greenback
US willingness to weaken its currency and geopolitics boost Gold, hit the Greenback
Perfect storm – Money flows to Gold and away from the US Dollar. There are three catalysts for this:
While the crisis around Greenland is over, it left scars that could result in Europeans shying away from US assets.US Democrats threaten another government shutdown following one more death in Minneapolis at the hands of federal agents.The US Treasury is reportedly considering coordinating with Japanese authorities to strengthen the Yen, which weighs on the US Dollar.
Why it matters
Snowball effect – The fact that the US government is working to weaken the US Dollar outside of a crisis is enough to alarm investors about touching the Greenback. The last coordinated intervention to strengthen the Yen was in 2011, following the catastrophic tsunami. There is no force majeure now. Moreover, the accumulation of these blows to the US Dollar and boosts to Gold may cement the precious metal’s position as the ultimate safe-haven, creating long-lasting habits for investors. These moves occur more naturally moving forward.
$BTC
$XRP
#Goldgreenback
Perfect storm – Money flows to Gold and away from the US Dollar. There are three catalysts for this:
While the crisis around Greenland is over, it left scars that could result in Europeans shying away from US assets.US Democrats threaten another government shutdown following one more death in Minneapolis at the hands of federal agents.The US Treasury is reportedly considering coordinating with Japanese authorities to strengthen the Yen, which weighs on the US Dollar.
Why it matters
Snowball effect – The fact that the US government is working to weaken the US Dollar outside of a crisis is enough to alarm investors about touching the Greenback. The last coordinated intervention to strengthen the Yen was in 2011, following the catastrophic tsunami. There is no force majeure now. Moreover, the accumulation of these blows to the US Dollar and boosts to Gold may cement the precious metal’s position as the ultimate safe-haven, creating long-lasting habits for investors. These moves occur more naturally moving forward.
$BTC
$XRP
#Goldgreenback
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