Amid escalating concerns over fiscal deficits worldwide, the surge in gold purchases by central banks during the first quarter signals a broader financial instability, echoing fears beyond the US alone. As governments grapple with post-COVID economic challenges, the unprecedented acquisition of gold underscores growing uncertainties and the quest for stability in a volatile global economy.
Remarkable chart, we have all heard countless times about US fiscal deficit being out of control post Covid. It appears to be a broader issue than just the US. pic.twitter.com/duuLJPP9ZS
— Michael A. Arouet (@MichaelAArouet) May 1, 2024
Global Central Banks purchased an ALL-TIME HIGH 289 tonnes of Gold during the first quarter pic.twitter.com/P1EWw5k4fX
— Win Smart, CFA (@WinfieldSmart) May 1, 2024
U.S. 🇺🇲 Interest Payments
📈 pic.twitter.com/dtBj5ko5B6— Win Smart, CFA (@WinfieldSmart) May 1, 2024
US debt to GDP consistently worse than that of Europe pic.twitter.com/eRbcnxIygG
— Win Smart, CFA (@WinfieldSmart) May 1, 2024