2 ms·
Look at the gold price. Or BTC. By those metrics the dollar has lost a lot of value in the last year
by pizlonator 1y ago
Look at the gold price. Or BTC.
By those metrics the dollar has lost a lot of value in the last year
- alephnerd 1y agoGold prices are wonky right now because it was Diwali [0] and India did a large GST reform [1] that unlocked consumer capital for gold. Once Diwali ended a couple weeks ago, Gold prices slumped [2]. The same thing happened with Silver [3]. You used to see similar stuff happen around CNY back when China was growing at double digit speeds [4]. [0] - https://www.cnbc.com/amp/2025/10/27/indians-spend-up-to-11-billion-on-gold-this-diwali.html https://www.cnbc.com/amp/2025/10/27/indians-spend-up-to-11-b... [1] - https://www.reuters.com/world/india/winners-losers-indias-sweeping-gst-overhaul-2025-09-04/ https://www.reuters.com/world/india/winners-losers-indias-sw... [2] - https://www.bloomberg.com/news/articles/2025-10-20/gold-s-record-busting-rally-resumes-after-dip-buyers-emerge https://www.bloomberg.com/news/articles/2025-10-20/gold-s-re... [3] - https://www.bloomberg.com/news/articles/2025-10-18/sold-out-in-india-panic-in-london-how-the-silver-market-broke https://www.bloomberg.com/news/articles/2025-10-18/sold-out-... [4] - https://ecomod.net/system/files/gold_and_china_ecomod2013.pdf https://ecomod.net/system/files/gold_and_china_ecomod2013.pd...