You are nothing more than a critic.
Please enlighten me with your alternative explanation what is going on with the stock market, treasury yields, gold price double to the U.S. dollar and going up $100 per day per ounce, etc.
So far I have been proven correct. Look at my track record. I've rarely been wrong about anything. I was wrong about my hypothesis that Trump would be banned from ballots in a few states. Other than that i have a good batting average.
The dollar will be devalued in terms of its ability to purchase gold, and it will never recover. You won't be able to get gold ounces for $2000 or $2500 again. $3000 is the never level and soon it will be $4000. The dollar is rapidly being devalued and it has little to actually do with tariffs.
Also basel iii, the compact between international banks, now allows gold to be held as a tier 1 asset. This puts it in direct competition with U.S. Treasuries now. Guess which one banks now prefer? Given the choice, they rather have gold.
If Powell lowers rates, which Trump wants him to do, then that pushes the gold price up even more.
You are nothing more than a critic.
Please enlighten me with your alternative explanation what is going on with the stock market, treasury yields, gold price double to the U.S. dollar and going up $100 per day per ounce, etc.
So far I have been proven correct. Look at my track record. I've rarely been wrong about anything. I was wrong about my hypothesis that Trump would be banned from ballots in a few states. Other than that i have a good batting average.
The dollar will be devalued in terms of its ability to purchase gold, and it will never recover. You won't be able to get gold ounces for $2000 or $2500 again. $3000 is the never level and soon it will be $4000. The dollar is rapidly being devalued and it has little to actually do with tariffs.
Also basel iii, the compact between international banks, now allows gold to be held as a tier 1 asset. This puts it in direct competition with U.S. Treasuries now. Guess which one banks now prefer? Given the choice, they rather have gold.