Illya Gerasymchuk
Entrepreneur / Engineer
since i've written this, gold is up ≈16% ≈25% if you count from the tariffs announcements on April 7th i will re-iterate that in order to protect the EUR the ECB should increase their onshore gold holdings
🇪🇺 The best countermeasure that EU can take is swapping US securities for Gold Gold is inversely correlated with USD. Such a decision can be done today and it will: 1️⃣be a response to the US 2️⃣increase value of EUR 3️⃣minimize consumer impact Anything else will hurt the economy