Dmytro Kharkov

Luke Gromen: CIPS payments more than doubled and gold surged after U.S. action in 2022

Luke Gromen: CIPS payments more than doubled and gold surged after U.S. action in 2022
CIPS and gold surge after U.S. move

Luke Gromen, industry influencer, highlights the impact of weaponizing U.S. dollar swap lines and previous actions involving the U.S. financial system. He points out that after the U.S. froze Russia's foreign exchange reserves in 2022, CIPS payments more than doubled in 2 years and gold tripled in 4 years.

Gromen's comment suggests continued attention to shifts in global financial flows and alternative systems following major geopolitical financial decisions.

Gromen has recently tracked key shifts in U.S. financial markets. He highlighted that non-monetary gold was the U.S.'s largest export for four of the past five months. In a separate analysis, he compared 10-year U.S. Treasury yields and oil prices since remarks by Sec. Bessent in February 2025.

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