Comment by aucisson_masque
18 hours ago
The day I heard trump wants to fire Powell and manage the fed « his own way », I emptied all my trading accounts and bought gold.
I guess I’m not alone, gold is exploding.
18 hours ago
The day I heard trump wants to fire Powell and manage the fed « his own way », I emptied all my trading accounts and bought gold.
I guess I’m not alone, gold is exploding.
European pension funds are also slowly getting rid of US bonds. They don't talk about it because they don't want to attract the ire of Trump and they don't want to create panic in the markets as long as they are still invested. But e.g. the Dutch fund ABP sold 1/3rd of their US bonds in 6 months (10 out of 30 billion in US bonds that they have). They reinvested the money in Dutch and German bonds.