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Western Decline Risks Becoming a Collapse

Report

gork

Apr 22, 2025, 22:40

As some western leaders have admitted, the World has changed. 

Some gold-bugs predicted a day when the gold price would rise by $100.  It's now arrived rising by over $153:

As of 6:30 a.m. Moscow time (3:30 a.m. GMT), the gold price rose as high as 4.59% to $3,500.1 an ounce. 
- COMEX gold futures rise to new historic high of $3,500

It supersedes two other headlines TASS issued just hours earlier:
"Gold futures rise to new record high of $3,450 per troy ounce" and "Gold price hits fresh all-time high surpassing $3,400 per troy ounce"

Meanwhile, the sell-off in all three Great Satan asset classes, shares, bonds and currency continues:

The ICE US dollar index – which tracks the greenback against a basket of major currencies – slid more than 1% to 97.923, its lowest since March 2022. The dollar also hit fresh lows against the euro, pound, yen and Swiss franc, and weakened against the ruble, slipping below 80 for the first time since June 2024.
. . .
US stocks took another hit, with the Dow, Nasdaq and S&P 500 all dropping more than 3%.
- Dollar nosedives to three-year lows

Bonds

10-year Treasury yield: 4.41%, up 7 basis points

30-year Treasury yield: 4.91%, up 10 basis points
- The 'sell America' trade is crushing markets as Trump butts heads with the Fed

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Newtown
gork post time: 2025-04-24 14:27

''they've smashed the gold price so that it's now oscillating between a loss and a gain for the week.'' This must be a huge worry for you given all of the assets in gold you've claimed to possess.

gork

. . . and with such fears of collapse, they've smashed the gold price so that it's now oscillating between a loss and a gain for the week. Free markets don't work this way.