The Fed just raised rates by 25 bps.
Gold actually dipped. Then recovered the move the next day.
But here’s the part I find interesting👇
Central banks are still stacking gold.
The short-term reaction makes sense. Higher rates can make yield-bearing assets more attractive, while a stronger dollar can put pressure on gold.
But zoom out from the one-day chart and the picture looks different.
Central banks have accumulated an average of ~1,000 tonnes of gold per year over the past four years, roughly double the average of the previous decade. Q2 2026 alone saw 289 tonnes of net central-bank purchases.
That already tells us something.
I don’t hold gold because I’m trying to predict what the Fed does next or where gold trades tomorrow.
I hold it because we all know what inflation does to cash’s purchasing power over time.
Cash can pay interest, but inflation keeps working in the background. A higher rate changes what your money earns today. It doesn’t change what that money can buy years from now.
Outside
$BTC, gold is still the hard asset I want to hold for the long run.
The part I find interesting now is what happens when an asset that has been held by institutions for generations becomes native to the blockchain.
That’s what I’ve been looking at with
@Goldfishggbr.
$GGBR represents 1/1000th of a troy ounce of gold, giving me a fractional way to hold gold directly in a wallet. It tracks the live gold price and moves 24/7
I’ve actually held gold since 2020.
I don’t need a new reason to own more. My conviction is still the same.
The difference is that I can now hold that exposure in my wallet and move it onchain.
That’s the standard and the next evolution of gold I see with
$GGBR