Illya Gerasymchuk
Entrepreneur / Engineer
Gold: macro, inflation, miners and price
Ongoing updates on gold price action, central-bank demand, miners and macro drivers in the precious-metals market.
to clarify: European Central Bank didn't increase its gold holdings, but the gold that ECB already owns (≈506 tonnes) increased in value, since gold's market price increased
ECB reevaluates gold at the end of every year and credits or debits the revelation account accordingly
🇪🇺 ECB gained €10.5B on gold from 2023 to 2024
2025 YTD running gains add another net positive ≈€10B & likely to be higher by the year end's gold revaluation
that's an implied ≈8% yield on gold appreciation - much more than the ECB earned from other asset buckets
