Gold tops four thousand dollars
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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.
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.
The increase is due to valuation effects, of course. Still, not quite sure what to make of this.
Reposted by: Paul Krugman
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
#Gold prices at an all time high! @charlescollymore.bsky.social and I explain the surge in @econofact.bsky.social - driven by uncertainty and Central Banks econofact.org/why-has-the-...
Why Has the Price of Gold Risen So Sharply? | Econofact
Gold has a long history of being held as a financial asset by private investors and central banks, which can be the source of large shifts in its price.
econofact.org