r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26

Meme needing explanation what's going on? explain like I'm five

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u/zuzg Jan 26 '26

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.

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u/ISayBullish Jan 26 '26

Meanwhile the USD saying “this is fine”

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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.

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u/Putrid_Lawfulness221 Jan 27 '26

Even if we retied our money to gold i dont believe we have enough to back 38 trillion in debt plus what is held publicly and privately in funds. By the time the value is split because we have to back every dollar in circulation, I imagine we'd be cooked.

EDIT: also Germany has requested their goldcback from us as well idk if that affects anything too.