The Bitcoin Layer China Grabs Gold As The U.S. Shuts Off Dollar Liquidity
Apr 30, 2025
Matt Dines, the Chief Investment Officer of Build and expert in financial history, joins to discuss gold's renewed significance in global finance. They delve into China's gold market influence and the ongoing trend of de-dollarization, exploring how tariffs affect dollar circulation. The fascinating interplay between gold, bitcoin, and dollar strength is highlighted, along with insights on the Eurodollar system and the financing of the Ukraine war. Dines also shares perspectives on the shifting roles of labor and capital in today's economy.
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China's Shift Spurs Gold's Role
- Since 2014, China shifted from reinvesting trade surpluses in US treasuries to gold, altering global dollar recycling.
- Shanghai Futures Exchange now drives global gold price and liquidity, marking a shift in monetary dynamics.
Time Of Day Matters In Gold
- Time of day and market center significantly affect gold price action and liquidity.
- Shanghai trading hours dominate global gold price movements, essential for analysis.
Dollar, Gold, Bitcoin Coexist
- The global monetary system now includes dollar, gold, and Bitcoin competing simultaneously.
- Recognizing their simultaneous roles is essential to understanding the complex multipolar monetary landscape.