As the USD looks to be under pressure of losing its place
worldwide, will that cause the dollar to drop, and if it does the
price of gold will rise dramatically? Am I on the right track
here? Is that the main reason we are seeing gold prices
rising?
that shift away from the US Dollar should be concerning longer
term to folks, it's not going to happen overnight but is slowly
starting to unfold and get more accepted. Being the reserve world
currency is what has allowed us our gov to spend like drunken
sailors and get away with it not destroying our currency. When we
eventually use that reserve currency status, god help us LOL
like we saw Bitcoin and some other things go through crazy price
ramps over the years. I would not shock me to see gold over time go
much higher than people imagine. 3K? 5K? we'll see.
again that's bigger picture thoughts, nothing to do with short
term or this week or next month
USD and Gold. As the USD
Posted by scooter on 3rd of Apr 2023 at 12:25 pm
USD and Gold.
As the USD looks to be under pressure of losing its place worldwide, will that cause the dollar to drop, and if it does the price of gold will rise dramatically? Am I on the right track here? Is that the main reason we are seeing gold prices rising?
that shift away from the
Posted by matt on 3rd of Apr 2023 at 12:37 pm
that shift away from the US Dollar should be concerning longer term to folks, it's not going to happen overnight but is slowly starting to unfold and get more accepted. Being the reserve world currency is what has allowed us our gov to spend like drunken sailors and get away with it not destroying our currency. When we eventually use that reserve currency status, god help us LOL
like we saw Bitcoin and some other things go through crazy price ramps over the years. I would not shock me to see gold over time go much higher than people imagine. 3K? 5K? we'll see.
again that's bigger picture thoughts, nothing to do with short term or this week or next month
The massive fiscal deficits are
Posted by steve on 3rd of Apr 2023 at 12:30 pm
The massive fiscal deficits are one reason along with the new FED stimulus