Posted on 04/21/2025 8:50:10 AM PDT by Miami Rebel
It’s amazing how no matter how high Gold goes, people are spending money advertising their desire to sell it every day. Why don’t they just keep it?
The euro trending higher against the dollar will help our exports and limit our imports. This is a good thing.
Fundamental rule of all financial news.
There will be a report of S&P level or dollar level. Then there will be the word “as” and an explanation.
Ignore everything after the word “as”. Always.
“Our analysts are predicting a huge jump in gold. So please buy our gold.”
Either their analysts are wrong, or their gold is ridiculously overpriced.
A crashing dollar helps exports but boosts inflation.
EVERY administration talks up the dollar but often quietly undermines it for political advantage.
Gold has signaled financial crises for centuries. The fact it now takes 3,400 US dollars screams of crisis ahead. ALL the world’s paper currencies are crashing, not just the USD.
goldprice.org
Probably because they are a BUSINESS.
.
The Fed needs to be reined in and placed under the elected government because it effectively controls the value of the currency through interest rates, despite that power being given explicitly to Congress by the Constitution.
If that means the dollar falls, then imports become more expensive and foreign investment in the US becomes cheaper.
“Wall Street is trying...”
You lost me right there.
Wall Street is overwhelmingly Republican. It likes low taxes and low regulation.
But even more to the point, Wall Street doesn’t “try” to do a single thing but make money. It doesn’t risk capital for Quixotic political purposes.
Retail gold profit margins are enormous.
With gold soaring, popular interest in it is elevated. With interest high, it is easier to motive buying and selling to the masses.
The advertisers make obscene commissions either way: they do not invest for their own accounts.
Makes me wonder what happened with the inventory of Ft Knox?
Seriously??
I ask the same thing. If inflation is ruining the $ and these people have the GOLD why are they selling their gold for soon to be worthless $?
I have hear it is just gold certificates and not physical gold. Have to watch real gold now. Some of it is gold plated tungsten.
“Just my luck. We haven’t traveled to Europe since pre-COVID and with two trips planned this year, the Euro is flying versus the dollar.”
We are going next month. Hotels and tours already booked.
“They know paper money and the fraudulent derivatives are in danger and that is why they now classify gold as the top tier #1 asset.”
USDs are also tier 1.
Wall Street's money making assumptions and how they currently make a profit are deeply tied to neo-liberal globalism. Challenge the status quo and many decisions will be made that cause the stock market to tank, bond rates to rise, etc. We are told this is because Trump has introduced "uncertainty." Yes, he has introduced uncertainty that the current system of debt-fueled trade deficits from which Wall Street has profited handsomely will be allowed to continue.
In particular, Powell's refusal to address bond rates when interest on the debt is approaching crisis levels shows that the Fed is not a neutral observer: it had no qualms about intervening massively when it thought the stability of the banks and Wall Street were affected. But now that Trump is doing something Wall Street doesn't like, he won't lift a finger and we are told Trump will be punished by the "bond vigilantes," or even worse, Powell will sit by and allow bond rates to rise because other countries are acting against the US and dumping bonds.
The Fed and the markets are supposed to serve the overall interests of the US not act parasitically: if they do not, tear them down and create something that does.
“Wall Street is overwhelmingly Republican”
No. Colleges have successfully brainwashed them.
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