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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (6941)	4/7/2023 10:42:34 PM
From: stuffbug	1 Recommendation Recommended By DinoNavarre Read Replies (1) \| Respond to of 10709

Good synopsis. I believe the number 1 factor propping up the dollar as a reserve currency, and will continue to do so for the rest of this decade, is the mammoth, liquid and trusted treasury bond market. Any government or large institution will not hold their deposits in the form of cash. I suspect that China will, at some point, create a similar structure. But that will take time. I think the next reserve currency won't be issued by single country - perhaps a basket approach such as the SDR proportionately backed by BRICS countries. Read a tweet on Central Bank gold purchases. 2022 was a record year: +1,136 tonnes Not even close, next best year was 2015 at 600 tonnes. 2015 marked the bottom of the cycle; big buyers were likely Russia and Asia As for the 2022 outlier, it appears that some governments are preparing for the possibility of currency chaos.

To: Sun Tzu who wrote (6941)	4/11/2023 1:57:02 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 10709

#Ticktock The BRICS hold G7 currencies as their reserves, and not the other way around. And yet, the BRICS just flipped the G7 in economic size. Reserve practices don’t change overnight, but this is a very different environment than 10+ years ago. #4 - For years, the economic strength of BRICS has grown relative to the G7. Recently, the BRICS nations surpassed the G7 nations in GDP. ...But the BRICS nations still needed a reason to break free from the status quo. The G7 freezing Russia's FX reserves was it. pic.twitter.com/ksAHLrUlJp — Jesse Myers (aka, Croesus 🔴 "crease-us") (@Croesus_BTC) April 11, 2023