Significant developments are happening with gold. The shiny metal has made another attempt a new highs, pushing toward the $1000 per ounce mark. In an unusual move, this has happened without any apparent US dollar weakness as the US dollar index remains rangebound between 78 and 79. Investors are buying physical metals and gold etf's at astounding rates.
Has gold thrown off its fiat currency and central banking chains and returned to its rightful place as reserve currency? Only time will tell.
Hello PW,
ReplyDeleteLooks like gold leads, then dollar follows. Those who know they want to get rid of their dollars, buy gold and other assets first then they dump the USD.