🏦 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.
They will soon be moving to Bitcoin, and won’t be just few.
🔗 Source: https://libertystreeteconomics.newyorkfed.org/2024/05/taking-stock-dollar-assets-gold-and-official-foreign-exchange-reserves/
