← Voice corpusEdition 2026-10-10, preview.
XThread

Source item

Open original source ↗
The dollar is losing reserve currency status. It’s down to 42% of global reserves, and gold is rapidly rising. https://t.co/U4NPAStLBB Digital gold is becoming the reserve currency of the individual. Gold is returning as the reserve currency of the state. Original post below. Recall the Fed admitted that a “small number” of countries were switching to gold. But that small number actually included Russia, India, and China: the RIC of BRICS. It is a huge deal, because in 1950 America made things while in 2025 it only prints things. Specifically, the only two globally competitive exports of the US are (a) the dollar and (b) tech. And tariffs, sanctions, trade war, and printing are eroding the dollar. https://t.co/SYJ67hNvrW Or the dollar almost halving. The true rate of inflation is the rate at which the smart money is exiting the US dollar for hard money. But why are gold prices rising? Because BRICS is stacking gold bricks, and the Russian sanctions eroded the store-of-value function of the dollar. And why did the Fed hike rates and devalue Treasuries? Because inflation was eroding the purchasing power of the dollar. https://t.co/PkkYeWPggW
6 segments

Segment 1 · characters 0–134 · Original segment ↗

Segment 2 · characters 136–279 · Original segment ↗

Segment 3 · characters 281–448 · Original segment ↗

Segment 4 · characters 450–738 · Original segment ↗

Segment 5 · characters 740–875 · Original segment ↗

Segment 6 · characters 877–1169 · Original segment ↗

Quoted context

These are the quoted author’s words.

So like 5x what it was in the 1950s? Doesn't seem a huge deal to me.

MorlockP ↗

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. https://t.co/cDbl1KqZgR

balajis ↗

Gold is replacing fiat currencies as a reserve currency: Gold's share of global international reserves rose 3 percentage points in Q1 2025, to 24%, the highest in 30 years. This marks the 3rd consecutive annual increase. Meanwhile, the US Dollar's share declined ~2 percentage points, to 42%, the lowest since the mid-1990s. The Euro share remained roughly unchanged at ~15%. Gold is now the world’s second-largest reserve asset after surpassing the Euro in 2024. Gold is seeing historic levels of demand.

KobeissiLetter ↗

@balajis This is just the mechanical effect of rising gold prices and reduced US treasury value amid higher interest rates... not that gold holdings and treasury holdings changed much

DanielDiMartino ↗
Library as of 2026-10-22