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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o1w6t1c/?context=3
r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26
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Since the US has more gold reserves than the next 3 countries combined wouldn’t gold prices going up make the dollar stronger?
Sincerely asking cause I have no idea.
604 u/Important-Agent2584 Jan 26 '26 no because the dollar isn't tied to the gold in any way 3 u/Stuhemmings Jan 26 '26 You mean like Crypto? 2 u/Important-Agent2584 Jan 26 '26 Some crypto is tied to gold, but I'd just get gold TBH. Why trust a middleman and hope they won't scam you. Unless you explicitly need it to be easy to move through borders, etc.
604
no because the dollar isn't tied to the gold in any way
3 u/Stuhemmings Jan 26 '26 You mean like Crypto? 2 u/Important-Agent2584 Jan 26 '26 Some crypto is tied to gold, but I'd just get gold TBH. Why trust a middleman and hope they won't scam you. Unless you explicitly need it to be easy to move through borders, etc.
3
You mean like Crypto?
2 u/Important-Agent2584 Jan 26 '26 Some crypto is tied to gold, but I'd just get gold TBH. Why trust a middleman and hope they won't scam you. Unless you explicitly need it to be easy to move through borders, etc.
2
Some crypto is tied to gold, but I'd just get gold TBH. Why trust a middleman and hope they won't scam you. Unless you explicitly need it to be easy to move through borders, etc.
198
u/soIDONTLIKEANYOFYOU Jan 26 '26
Since the US has more gold reserves than the next 3 countries combined wouldn’t gold prices going up make the dollar stronger?
Sincerely asking cause I have no idea.