Sigh....another clickbait merchant on Youtube and SENSATIONALIZED here by our much loved but Don Quixotic Mr Syed Putra.....
May more fellow Humans have or develop further CRITICAL THINKING.
With the recent recorded highs in gold trading, it had placed much necessary cash for daily expenses by trading off and selling gold assets such as even gold wedding rings as CASH to put food on the table for oneself and loved ones.
Whom were the ones buying up gold?
A)Mostly Communist China and RUS thru their proxies whom are buying it all up, in order to boost up their treasury reserves. HOWEVER, where did such funds to buy gold came from? Mostly funds from SOCIAL EXPENDITURE SPENDING FOR ITS CITIZENS.
Once a single dollar is spent, it means one dollar less for social expenditure such as education, medcare, infrastructure, security, etc, etc....for their FOOLISH COMMUNIST EXPANSIONIST GOALS TO CONQUER AND CONTROL HUMANITY as well as self - perceived CHALLENGE against Democratic American domination....yet .leaving their millions and billions population citizens starving and deprived.....
B)Who has the LARGEST GOLD RESERVES IN OUR WORLD?
It is USA. With the phenomenal rise in gold price, it had only ENHANCED USA treasury gold holdings, WITHOUT even USA selling a single ounce of gold. Such is due to BOOK VALUE, which means USA can borrow even MORE money should it needs to, to elevate lives, borrowing from investors, using gold as collateral. Such is how economics, trade and investments work.
Instead of borrowing more which comes with interest rates to pay back, PreTrump is FIGHTING to lower the interest rates, so as to curb further libtard's ideologies of spending, such as even funding criminals to stay in USA, as well as to MANAGE both the US dollar rise to help exporters sell their goods and services, and have enough to pay off the annual interests payments on treasury notes, and more....
C) Who are the losers in such financial trading game, in gold and even stock markets?
i) Those whom sold off their hard earned savings on American investments
ii) Nations whom wish to build up their gold reserves, not for security, but as a foolish challenge against the might of Democratic USA.