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