Definitely significant. But visually misleading. Would feel a lot different if both lines were plotted on the same y axis.
China is dumping Treasuries and hoarding gold.
Since 2016:
- US debt holdings down 15 pts
- Gold share doubled to record highs
Shared via https://pullthatupjamie.ai
Definitely significant. But visually misleading. Would feel a lot different if both lines were plotted on the same y axis.
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