this post was submitted on 03 Feb 2026
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Avanza is one of the largest banks in Sweden, and in their monthly blogg, they're noticing a big movement where Swedes are selling their American funds and shares, to buy Swedish/European instead.

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[โ€“] Kjell@lemmy.world 19 points 1 day ago (3 children)

The second biggest purchasing was noble metals, which must have hurt with the big drop during the latest week.

[โ€“] Tinidril@midwest.social 7 points 1 day ago (2 children)

The drop was large, but insignificant compared to the runup.

[โ€“] Kjell@lemmy.world 1 points 14 hours ago (1 children)

Thanks, I didn't know it increased that rapidly. However, I still think some people was buying gold after they saw that it increased a lot and they could have lost money.

[โ€“] Tinidril@midwest.social 3 points 11 hours ago

I recently switched up all of my investments to shift entirely out of the US dollar. As part of that I put a good chunk into gold just a couple weeks before the "crash", so I was in that group. It didn't concern me though. I went in with eyes wide open that commodities take some wild swings.

[โ€“] Aceticon@lemmy.dbzer0.com 3 points 18 hours ago* (last edited 14 hours ago)

Yeah, Gold price in EUR right now is well above the all-time-peak from 2 weeks ago.

[โ€“] itsathursday@lemmy.world 14 points 1 day ago (1 children)

The drop was artificial to help cover short positions.

[โ€“] baines@piefed.social 4 points 1 day ago (1 children)
[โ€“] itsathursday@lemmy.world 6 points 1 day ago (1 children)
[โ€“] gravitas_deficiency@sh.itjust.works 9 points 1 day ago (1 children)

Mmm Ron Paul is not a reliable source for anything whatsoever

[โ€“] Aceticon@lemmy.dbzer0.com 1 points 18 hours ago* (last edited 18 hours ago)

He's a reliable source for the goldbugs point of view.

[โ€“] TankovayaDiviziya@lemmy.world 6 points 1 day ago (1 children)

It's gold and silver, they are precious metals, therefore they are always gonna go up even with occasional dips. As someone mentioned, the price drop that happened was manipulated for insider traders, who bet on the price drop, to make sure they make money. I just bought more shares on investing in gold and silver.

[โ€“] Kjell@lemmy.world 1 points 14 hours ago

Seems like the prices are increasing again so it was a good call to buy more.