Good article.
Gold is one of the most manipulated assets there is.
And the dollar isn't falling. Take a look at the dollar on a fifty year chart. It bottomed out in 2011, after falling for 30 years, and is on an upward trajectory.
RE: The Real Reason Billionaire Investors Buy Gold, and Why The Sky is NOT Falling - SPOILER ALERT: @dollarvigilante is wrong!
You are viewing a single comment's thread from:
The Real Reason Billionaire Investors Buy Gold, and Why The Sky is NOT Falling - SPOILER ALERT: @dollarvigilante is wrong!
"And the dollar isn't falling. Take a look at the dollar on a fifty year chart." The dollar isn't falling in compared to what? Other devalued, over printed currencies? How about comparing it to your grocery list? Devalued currencies cause the price of purchased goods to go up. That is, it takes more dollars to purchase those goods today than it did fifty years ago.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I added a 10-yr graph to my article to illustrate your point.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks!
I also believe that Mrs Yellen is gearing up for an interest rate rise, and lots of gold-bugs will be caught unawares by it. She has to move in Sept if she is going to do it, as because otherwise it will be too close to the election.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It has already seen some fluctuation just due to speculation over the Fed rate.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There is no way Janet Yellen will raise rates before the election. I don't know if you recall but, the FED has been vocal about raising rates multiple times last year. The only time they raised it was at the end of the year, the stock market crashed in January to it's lowest point in years!
Following the stock market crash, the precious metals have rallied due to loss of confidence in the US economy. If the FED raises rates, it's going to implode the market, and shoot Gold and Silver to the moon. I presume the FED will drop helicopter money before changing the interest rates. Which I think it will be dropped another .25 or even to negative territory.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good observation. Thanks for joining the discussion!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit