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Posted: 2025-08-11 16:52:24 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-08-11 16:52:42 UTC
Verified By
Rollup News
The article explores the possibility of the US Treasury accumulating foreign exchange reserves using gold, based on a strategy outlined by Stephen Miran. It presents evidence suggesting this strategy may be in action, while also considering alternative explanations.
Evidence suggests the US Treasury might be using gold to accumulate FX reserves.
Stephen Miran's strategy allows Treasury to convert gold into foreign reserves without congressional approval.
Unusual market activity, such as large gold inflows and EUR/USD forward rate divergence, supports the theory.
Increased Treasury borrowing in short-dated bills could be pre-funding forward settlements.
Alternative explanations exist but don't fully account for the observed market behavior.
Determining whether the observed market activity is due to Treasury's gold-to-FX strategy or other factors.
Lack of explicit confirmation from the Treasury.
Public ledgers still show flat official FX assets.
Ruling out alternative explanations such as European institutional investor activity and tariff-driven gold inflows.