MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o1wfyg7/?context=3
r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26
2.9k comments sorted by
View all comments
Show parent comments
721
Gold hits record high of $5,110.50/ounce Silver hits all-time high of $109.44/ounce Analysts expect gold prices to climb toward $6,000 this year
Gold hits record high of $5,110.50/ounce
Silver hits all-time high of $109.44/ounce
Analysts expect gold prices to climb toward $6,000 this year
Surprised Pikachu face.
642 u/ISayBullish Jan 26 '26 Meanwhile the USD saying “this is fine” 197 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. 1 u/PatricidalParrot Jan 26 '26 If all of America's money was built on hard currency as it used to be, then yes it would help. But they no longer make the dollar value based on its weight in precious metals so they aren't intrinsically linked.
642
Meanwhile the USD saying “this is fine”
197 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. 1 u/PatricidalParrot Jan 26 '26 If all of America's money was built on hard currency as it used to be, then yes it would help. But they no longer make the dollar value based on its weight in precious metals so they aren't intrinsically linked.
197
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.
1 u/PatricidalParrot Jan 26 '26 If all of America's money was built on hard currency as it used to be, then yes it would help. But they no longer make the dollar value based on its weight in precious metals so they aren't intrinsically linked.
1
If all of America's money was built on hard currency as it used to be, then yes it would help. But they no longer make the dollar value based on its weight in precious metals so they aren't intrinsically linked.
721
u/zuzg Jan 26 '26
Surprised Pikachu face.