the financial system infrastructure, including monetary policies of the central banks are correlated they're heavily exposed to the same set of assets - a lot of which are USD-denominated this is of course extremely pro-cyclical

Illya Gerasymchuk 2025-09-14 22:51

gold is a great asset to hold for the next 5 years it's a hedge against the credit & refinancing bubble of the US equity markets + government debt but not only against USD - all FIAT & risk assets including crypto