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The Fed now admits some countries are moving to gold. But says it’s...

@balajis
Balaji@balajis
41 views Jul 17, 2024 ~1 min read
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The Fed now admits some countries are moving to gold. But says it’s a small group.

🇨🇳 China: 1.4B
🇮🇳 India: 1.4B
🇷🇺 Russia: 144M
🇹🇷 Turkey: 85M

That “small group” represents 3B people. So 37.5% of the world is moving away from dollars towards gold.
x.com/NewYorkFed/sta…
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