And Warren Buffet bought $10Billion in a private placement before the sale.
(shakes head..)
(shakes head..)
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Money & Economics
- Thread starter bigredfish
- Start date
Who else is noticing that seemingly the entire U.S. stock market is now driven by weapons manufacturers, AI surveillance technology developers, data center bubble builders and sick-care pharma bioweapons makers?
There seems to be zero incentive in the current grotesque economic system for building things that work and that HELP people live better lives. It's all about bombing them, spying on them, depopulating them or exploiting them for profit.
That's what the U.S. economic system has largely become, sadly
There seems to be zero incentive in the current grotesque economic system for building things that work and that HELP people live better lives. It's all about bombing them, spying on them, depopulating them or exploiting them for profit.
That's what the U.S. economic system has largely become, sadly
Gold has overtaken U.S. Treasuries as the World's Top Reserve Asset
But it's not as bad as it sounds...
ECB Says Gold Has Replaced U.S. Treasuries as World’s Top Reserve Asset
Gold has overtaken U.S. Treasuries as the world’s leading reserve asset, according to the European Central Bank, after a sharp rise in bullion prices lifted central bank holdings above American government debt. The shift puts gold at 27% of official reserves, against 22% for Treasuries, reflecting changing reserve balances among central banks amid inflation concerns and geopolitical uncertainty in 2025.
The change was driven largely by the rise in gold prices rather than a fresh surge in central bank buying. The ECB said gold purchases slowed during the year, although the market value of existing holdings rose sharply as bullion prices climbed. Using 2023 gold prices, U.S. Treasuries would still remain the largest holding at 26%, while gold would stand at 16%.
The ECB noted that gold remains an awkward reserve asset when compared with leading fiat currencies. Gold does not pay interest, its price can be volatile, and physical storage can carry added costs for official institutions. The central bank also said the supply of gold cannot adjust easily when global demand for liquidity changes.
Good point..
Decisions decisions, ...do I buy 2 more ounces or max out my iBond buy????
Decisions decisions, ...do I buy 2 more ounces or max out my iBond buy????
