Posted on 07/05/2022 7:21:13 AM PDT by zeestephen
The anchor point in this graph enhances gold's performance because it occurs after the Bretton Woods gold rally, but gold trended sideways for a LONG time after Carter. It's still a helpful chart, and while gold has its place in a diversified portfolio of financial and hard assets, it shouldn't be overweighted.
Bulls and bears make money, pig and sheep get slaughtered.
Exactly.
Have you looked today?
Currently down 16% - unless I have mixed up my numerators and denominators.
Ten days ago, you could buy $1 for 50 Rubles.
Today, $1 costs 62 Rubles - and I have not seen a trade go by in the last ten minutes.
“Then the dollar isn’t strong. It’s only strong against other currencies.”
You’re literally saying the same thing. A currency is strong not only in relation to other ones.
Oops, only is strong in relation
A few months back 1 dollar would get you 135 rubles and before Putin’s stupid war it was mostly around 75.
Re: Gold investments
Gold hit $500 in 1987, after the Reagan stock market crash.
In 1999, at the dot.com market peak, gold crashed to $250.
Gold did not get back to $500 until 2005.
In other words - gold flat lined for 18 years!
As bad as we are here things are worse everywhere else. All of the uber-rich will park their assets in America for safe keeping until the coast is clear...
“Can anyone point out the rational basis for the strength of the dollar against anything?”
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The dollar today is the rancid CREAM OF THE CRAP compared to other major currencies.
It’s also stronger week relative to the things you exchange it for, like rent, corn flakes, and gas. A case of bottled water at Costco used to workout to six cents a bottle. Now it’s 10.1 cents per bottle. It’s literally gone up as much as gas.
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