Quote from: rokok local on April 07, 2023, 08:57:48 AM

So it sounds like some countries are looking to diversify their reserves and become less dependent on the US dollar by buying gold. And while some believe we are in the midst of a World War III economy, that's not the mainstream view.

Of course there are tensions between East and West in terms of trade and currency exchange rates. And as for the prospects for Bitcoin in 2023, no one can guess – it is a volatile asset that is influenced by many factors and the outlook for the economy this year will depend on a variety of factors, such as global growth, inflation and geopolitical tensions.

Diversification is an absolutely normal process, it was, is and will be. In my opinion, today the situation is somewhat different.
On the wave of international pressure on terrorist countries, as expected, a group of countries "offended by the whole world" arose. The only thing they can do is create a lot of sound and try to spoil other countries. Sometimes it works, I agree. But on this wave, suddenly there was a vacancy, one place in the "bipolar world." Until recently, it was occupied by the USSR / RF, but the RF showed itself in 2022 as a complete dummy. replaced by China. China, which has a very difficult economic situation, huge debts, and strong dependence on the Western market. China needs:
- ensure the export of yuan inflation
- secure the flow of currency, and that same dollar
- to form a belt of appendages of the Chinese economy, which will stabilize it at the expense of the local economies of these countries.

Other, Western countries, are expanding their devirsified basket with gold, yes, this is not a secret. But this does not happen at the expense of gold, because. you can look at the London Metal Exchange, for example, and make sure that in the dollar the price "walks" in a clear corridor for a long time, while in the Euro and Pound the price is growing, i.e. Euro and Pound in relation to gold - become cheaper. Then draw simple conclusions.