The inexorable decline of the petrodollar empire. The utter mess Trump has made of the middle east will be his lasting and toxic legacy and spells the definitive end of the petrodollar and the US empire it propped up for so long after USA ever had a trade surplus. @Cje95
This crossover is just the beginning; the lines on the chart will gradually diverge further, accumulating more gold each day and releasing the treasury bonds.
Let's hope they keep their meathooks off Bitcoin.
Peak US treasuries was right before covid. The gold bottom was mid-2000s. Wonder what caused the gold turn.
China won the trade war and they mine more gold than any other nation.
China could deliver a return to the gold standard?
The inexorable decline of the petrodollar empire.
The utter mess Trump has made of the middle east will be his lasting and toxic legacy and spells the definitive end of the petrodollar and the US empire it propped up for so long after USA ever had a trade surplus.
@Cje95
This crossover is just the beginning; the lines on the chart will gradually diverge further, accumulating more gold each day and releasing the treasury bonds.
central banks are shunning counterparty risk.