For my sins, I get emails from AAPS:
central banks globally are buying gold, but since 2021, foreign official purchases of the U.S. Treasury bill, once considered the safest form of investment, have plummeted. Confidence in the U.S. as the world’s economic powerhouse is crumbling.
…
The article continues:
He suggests stocking up on emergency equipment and supplies. He warns that the destructive effects of ObamaCare are continuing, and that good medical care will be increasingly hard to find. “Befriend as many medical professionals as you can.”
I won’t comment on the swing at the ACA. I can’t replicate their picture exactly, but I can show how change in value of US Treasuries and agency debt (proxied by central bank dollar holdings) has covaried with change in the value of gold.
Figure 1: Change in USD central bank reserves (blue), estimated change in USD central bank reserves assuming 60% of unallocated reserves are in USD (green), and in central bank holdings in gold (red), all in billions of US dollars. Source: COFER, Gold Council, and author’s calculations.
Not sure the dollar’s collapse as key international currency was in the offing by end-2024. 2025, as has been discussed elsewhere, is another matter.
In any case, don’t get your financial news from the AAPS. Actually, don’t get your health news from the AAPS.
For context, AAPS is highly politicized and quite naive in its institutional understanding of the world – a sort of Breitbart for right-wing doctors and pharmacists. It is not a medical research organization, nor does it represent the medical profession.
The author if the article in question is a professional libertarian bloviator, one Richard Maybury, author of this:
“Covering about half the earth’s landmass, it has always been by far the bloodiest region on the planet.
“Chaostan can affect your life more than anything that happens in your own hometown!
“Since 1991, Richard Maybury has been studying Chaostan and its effects on you and your investments.”
You can, of course, pay Maybury to learn all about “Chaostan”.
completely off topic
We had an election on Saturday ( the only day it should be.
down under we have an independent electorate authority that ensures no gerrymandered electorates and that all votes are counted.
We also have comnp[ulsory voting and preferential voting ( i believe you yanks call it rank voting). and when we vote most people buy a sausage sandwich usually at the school where they are voting.
We had a completely unexpected landslide where one party got more than 55% of the vote.
I think it is only fair if you send them a letter explaining how to maintain healthy life style (and also mention to them how effects of some reforms in their board dangerously affect price of crude oil or something)
It is interesting to watch the Trump admin devalue the U.S. dollar so the U.S. can undercut Vietnam and the Philippines as a low-cost producer – of course – all this will accomplish is increased inflation and the destruction of the portfolios of all those careful retirees who invested in long-term U.S. Treasuries and the general impoverishment for all Americans.
Meanwhile the corrupt Trump family jets off to Dubai on U.S. taxpayer-funded trips to inspect their new Trump Tower https://www.nytimes.com/2025/04/30/world/middleeast/trump-family-qatar-dubai.html and Trump gets a $2 Billion payout in the form of an Emirati-backed investment deal in a Trump family crypto venture https://abcnews.go.com/US/trump-family-crypto-venture-tapped-part-2b-emirati/story?id=121415842
I have naively thought of the felon-in-chief’s crypto-scam as a way to fleece the rubes. (Doh!) Obviously, it’s a channel for bribery. I can be so dense sometimes.
You are way too kind in your description of AAPS. It is really a propaganda unit. As a physician I find them embarrassing. Personally, I would rather they give gold buying advice rather than medical as people will only lose money rather than their health or lives if they follow the medical advice AAPS gives.
Steve
if republicans can go after Harvard and other university’s non-profit status, same goes for these organizations that push the rights wing agenda as non-profits. keeping a list. they will be harassed and banned after the next administration takes office. payback will feel good. gloves are off.
Is this what physicians and surgeons are all about? It DOES explain the sorry state of American medicine.
They certainly don’t represent all physicians and surgeons