US government seizing frozen Russian assets for Ukraine, China selling US Treasuries, rise in gold prices.

From Investing.com: 2024-07-17 01:46:00

In response to Russia’s invasion of Ukraine in 2022, the US government launched aggressive sanctions, freezing $300 billion of Russian Central Bank reserves. President Joe Biden signed the REPO Act to seize frozen Russian state assets for Ukraine’s benefit. China has sold 25% of its US Treasuries since 2022 and dumped a record $53 billion in the first three months of 2024. China and Russia are increasing gold reserves to shield against US sanctions. This shift could signify the end of the era of Treasuries as the basis of the financial system. Experts predict a significant rise in gold prices, suggesting investing in gold mining stocks for potential big gains.



Read more at Investing.com: The REPO Act: A Precursor to US Dollar’s Downfall?