GOLD, Gold and XAUUSD - page 144
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It is also important to understand that the US will do its utmost to convert as many dollars as possible into gold at the earliest opportunity.
An excerpt dated July 24, 2026:
Therefore, the U.S. did not significantly expand its gold reserves during Black Monday of 1987, the y2k bubble burst of 2000, the Recession of 2008, nor the COVID Pandemic of 2020; and the U.S. is unlikely to significantly expand its gold reserves any time soon.
1. Not so long ago (a month or two), France and Germany withdrew part of their gold reserves from Fort Knox to the more ‘interesting’ London :-) And of course they didn’t transport it by camel caravans; they simply sold some there and bought some here. In other words, they made a move.
2. America cannot convert the ‘empty mass’ of dollars into gold. Otherwise, that ‘empty mass’ would become completely, utterly empty. They can do so bit by bit, but their share of gold in reserves is already high, and physically, their reserves are the largest of all.
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===
Is it possible to predict future market behaviour?The short answer: it is impossible to predict the markets completely..."
The way the question is phrased is correct...
But the conclusions drawn are incorrect!
If the method of ‘predicting the markets’ is not possible, then the BEST COURSE OF ACTION is to abandon that method and switch to another one.
And everyone is familiar with this method – ‘following the trend’...
But, of course, it is the trader themselves who decides these crucial issues!!!
wasted the deposit
wasted the deposit
2. America cannot convert the ‘empty mass’ of dollars into gold. Otherwise, that ‘empty mass’ would become completely, utterly empty. They can do so bit by bit, but their share of gold in reserves is already high, and physically, their reserves are the largest of all.
"On 15 August 1971, the United States ended the convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency" (https://en.wikipedia.org/wiki/Bretton_Woods_system#cite_note-6, citing https://www.federalreservehistory.org/essays/gold-convertibility-ends).
Therefore, every fiat currency in the world is an "empty mass." If I had to say that some instrument supports the USD, I would say U.S. Treasury Bonds, but then those are simply more "paper." At the end of the day, it's merely the full faith and credit of the U.S. Government.
wasted the deposit
Consequently, every fiat currency in the world is merely ‘empty paper’. If I had to name an instrument that backs the US dollar, I would say US Treasury bonds, but in reality they are simply another form of ‘paper’. Ultimately, it is nothing more than the complete trust and creditworthiness of the US government.
At the level that can be observed through forex and stock market reports – in fact, YES – the only thing backing the dollar is bonds. And these, in turn, are themselves integrated into the economy and serve as collateral. On top of these come other securities and liabilities.
This applies to any currency, by the way, but to the dollar in particular. That’s why, in the news feed, one should pay particular attention to bond auctions, issuances and redemptions. They are far more important than short-term events.
At the level that can be observed through forex and stock market reports – in fact, YES – the only thing backing the dollar is bonds. And these, in turn, are themselves integrated into the economy and serve as collateral. On top of these come other securities and liabilities.
This applies to any currency, by the way, but to the dollar in particular. That’s why, in the news feed, one should pay particular attention to bond auctions, issuances and redemptions. They are far more important than short-term events.
My financial hunger has not been satisfied!