🔴 A few minutes ago, gold reached its ATH of 3 thousand US dollars, signaling that a recession is coming. Buckle up.
The decline of the US stock market was the first indicator. $BTC breaks the resistance of 34K and 35K, but... China, Russia, and India are changing their store of value.
➡️ Why did gold reach an ATH (All-Time High)?
🔴 Safe haven amid uncertainty: Gold rises when there is fear of recessions, persistent inflation, or geopolitical crises (e.g.: China-US tensions, war in Ukraine).
🔴 Unsustainable public debt: The US has a debt of USD 34.6 trillion, and investors are seeking "safe" assets amid the risk of default or credit downgrades.
🔴 Strategic dedollarization: Countries like China, Russia, and India are accumulating gold to reduce their dependence on the dollar (58% of Russia's reserves are already in gold)
So if you're waiting for a new Bullrun of $BTC , it is very unlikely.
Top countries with the largest gold reserves according to the Gold World Council.
United States: 8,133.5 tons.
Germany: 3,352.7
Italy: 2,451.8
France: 2,436.5
Russia: 2,332.7
China: 2,262.4
Switzerland: 1,040.0
Japan: 845.5
India: 822.1
Netherlands: 612.5
The decline of the US stock market was the first indicator. $BTC breaks the resistance of 34K and 35K, but... China, Russia, and India are changing their store of value.
➡️ Why did gold reach an ATH (All-Time High)?
🔴 Safe haven amid uncertainty: Gold rises when there is fear of recessions, persistent inflation, or geopolitical crises (e.g.: China-US tensions, war in Ukraine).
🔴 Unsustainable public debt: The US has a debt of USD 34.6 trillion, and investors are seeking "safe" assets amid the risk of default or credit downgrades.
🔴 Strategic dedollarization: Countries like China, Russia, and India are accumulating gold to reduce their dependence on the dollar (58% of Russia's reserves are already in gold)
So if you're waiting for a new Bullrun of $BTC , it is very unlikely.
Top countries with the largest gold reserves according to the Gold World Council.
United States: 8,133.5 tons.
Germany: 3,352.7
Italy: 2,451.8
France: 2,436.5
Russia: 2,332.7
China: 2,262.4
Switzerland: 1,040.0
Japan: 845.5
India: 822.1
Netherlands: 612.5
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BTC
96,842.42
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