Overview
- BlackRock CEO Larry Fink said investors buy gold and cryptocurrencies because they fear asset debasement and worry about financial and physical security.
- Gold retreated below $4,000 per ounce — quoted around $3,958 — after setting a record above $4,377 last week.
- Fink said the most frequent inquiry from central banks concerns how tokenization will reshape finance and how quickly they should move.
- He warned that about 30% to 35% of U.S. Treasury sales rely on foreign buyers, calling that dependence a major vulnerability.
- IMF projections cited in the coverage show U.S. debt rising to 143.4% of GDP by 2030 with persistent large deficits, reinforcing demand for perceived hedges.