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Michael Burry's Scion Asset Management has reportedly taken a significant position in gold, a move that contrasts with his bearish stance on AI leaders like NVIDIA. The pivot aligns with growing institutional interest in precious metals amid macroeconomic shifts.
China is leading a strategic initiative to reduce reliance on the U.S. dollar by accumulating gold and launching a partially gold-backed currency with BRICS nations. This campaign is occurring as U.S. monetary easing weakens the dollar, prompting a significant shift in global asset allocation toward precious metals.