Topic
Business US EU

Gold tops four thousand dollars

4m

Gold prices rose above $4,000 per ounce for the first time, as investors flocked to the metal amid economic and geopolitical uncertainty and a weaker dollar.

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benbraun.bsky.social
Value of the Eurosystem's gold holdings as of August: €1 trillion.

The increase is due to valuation effects, of course. Still, not quite sure what to make of this.
Chart showing the reserve assets of the Eurosystem.

Reposted by: Paul Krugman

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joshtpm.bsky.social
I’ve been worried a lot that this is right. Gold is skyrocketing in value because the world is losing faith in the role of US as guarantor/backstop of global economy open.substack.com/pub/paulkrug...
Ingots We Trust
Are soaring gold prices telling us something important?
open.substack.com
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