Well worth your attention. This macro piece from Arthur discussed the predicament the UK and EU central banks face. Europe for now has chosen to ally with the US in the fight against Russia, but it is devastating to their industry and economy. Without an abundance of energy sources it has to choose between Russian or US associated imports. This works well for the US which has an abundance of natural resources and global reserve currency status, but cold and hungry Germans in a few months time may start to question this relationship. Either the US starts to print heavily around that time to support the EU or we could see a fracture here imo.

"Since the gold and crypto markets are much "smaller in size than the trillions of fiat money that will be printed, in non-USD currency terms, these assets will appreciate. From a trading perspective, because we care about the global price or the USD price, these flows only matter in one specific instance."