I personally think we should pay attention to the imminent breakthrough of gold prices! #GOLD

The last time gold broke through $3500 was on April 22 of this year, you know, just during the largest drawdown of the S&P 500 in April. The U.S. stock market and gold were like a seesaw!

Another interesting piece of data is that global central bank gold reserves currently account for 27% of total foreign exchange reserves, the highest proportion in 29 years. According to Crescat Capital data, during the same period, the proportion of U.S. Treasury bonds in foreign exchange reserves of various countries has dropped to about 23%, the lowest level since the 2008 financial crisis. This is the first time since 1996 that global central banks hold more gold than U.S. Treasury bonds.

This is a contradictory situation; central banks around the world are pessimistic about the U.S. economy, selling U.S. debt and hoarding gold, yet at the same time, the U.S. stock market remains at a high level! Being cautious is always a good idea, partners! 🧐

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