the financial system is heavily dependent on refinancing this is true for both, governments and the public sector - especially the financial institutions ≈70% of all new credit is used for refinancing/repaying of existing maturing debt rather than novel financing

Illya Gerasymchuk 2025-09-14 22:52

in addition to being a store of value, gold is also acting as an investment it's up ≈40% YTD this is gold catching up to inflation and accumulated leverage