This is super interesting to me, beyond the fact that it evidences the strain on Russia and it’s quickly approaching financial collapse as a consequence of disastrous war on the strong people of Ukraine. This is because I recognized the potential for the next great gold bull run back in 2017 and started allocating assets. As the 2024 election came into focus, I recognized that unfortunately Trump was likely to win, greatly destabilizing the world, tee up the financial collapse of the U.S., and pour gasoline onto what was already an impressive bull market driven by central bank purchases, and accordingly I put everything I owned into a 2x gold ETF back in June 2024, when gold was $2300 an ounce. Everything has unfolded as anticipated, but prices don’t move in a straight line, and early this year, as prices got frothy and topped $5500/oz, there was a big sell off, which is generally to be expected so I just sat tight. Now I know who was selling:
The announcement follows Russia’s accelerated sale of gold from its reserves. The central bank reduced its holdings for six consecutive months during the first half of 2026 as Moscow sought liquid assets that remained accessible despite the freezing of much of its foreign-currency reserves abroad.
Look at the chart. I further noticed that the price has seemed to make a solid bottom over the last few months at around $4000/oz, paving the way for the next move upward, which in my opinion will be the big move I’ve been waiting for.
While it may not be readily apparent to everyone, the U.S. is teetering on the brink of insolvency itself, and when it goes, the dollar will go with it and destroy it’s status as the world’s reserve currency. Bold claim I know, but hear me out. You can run a 2% budget deficit indefinitely when your economy grows by 3% annually. However, under Trump the budget deficit is ~6%, and due to his stupid trade wars and the impact on energy costs from the Iran war and other mismanagement, the U.S. economy is growing only at 2%, and probably shrinking if you take out the spending from the AI bubble. Worse, the U.S. has to roll over a big chunk of it’s national debt this year, and has to do so at much higher rates because no sane person or government wants to hold U.S. treasuries. The belligerence of the U.S. on the world stage, the shrinking of trade with the U.S., the inherent vulnerability to asset seizure, etc. makes U.S. treasuries a risky asset, which is reflected in the interest rate. 30 year treasuries have been sitting over 5% for a while now, a rate not held since the wake of the 2008 financial crisis. This is not a sign of economic health. Trump also has recently appointed his own, handpicked, fed chair, and has appointed 3 of the 7 fed governors. If one more goes, either by Trump firing them, stochastic terrorism, or other means, he will have cemented control over the fed funds rate, and you can absolutely bet he will juice rates in the short term to provide a boost going into the mid term elections in a desperate bid to maintain control over congress. Even if he doesn’t you know he’s going to declare a false emergency, put his ICE goons as every polling station with minorities, and arrest people of color to suppress voting. This in and of itself will cause more to flee U.S. bonds and necessitate money printing to try to keep the U.S. afloat. As a consequence, we will see a massive gold spike as the “exorbitant privilege” of the U.S. financial empire crumbles.
You have to be more specific. What he said was “woke” which makes him a “terrorist” for “antifa”, and accordingly he is being funded by “Chinese Communists”.