News for hackers. Stuff that matters.

A comment on Gold is now the top U.S. export. Parent comment

Re:Gold is now the top U.S. export by bigmadshoe on Saturday October 17, 2026 @04:13PM (#50134676)
Why would the dropping value of the USD be a factor in selling gold? Doesn't holding gold hedge against exactly that?

I think the real reason is that they're afraid of political instability in the US that may result in 1) an inability to retrieve their gold, or 2) the government confiscating it.

[ Parent | on HN ]
Re:Gold is now the top U.S. export by bongofizzbuzz on Sunday October 18, 2026 @06:10AM (#50139637)
To understand the Gold thesis, I would suggest people to fire up their agents, point it at Luke Gromen's youtube channel, download all the transcripts for last 3-4 years of videos and ask your agent to do a faithful analysis. There is tonne of alpha in that.
[ Parent | on HN ]
Re:Gold is now the top U.S. export by cowlevel on Sunday October 18, 2026 @09:08AM (#50140780)
It's other countries selling their USD to buy gold, not the US itself.
[ Parent | on HN ]
Re:Gold is now the top U.S. export by futuresclock on Monday October 26, 2026 @04:37AM (#50240846)
USD actually strengthened during the time, so it actually makes sense for gold to trade lower.
[ Parent | on HN ]