And I do agree that a collapse overnight to zero for Us dollar is exagerate.
Even Iceland didn't go down to zero overnight. Doomsayers arguing for Zimbawe or Weimar republic are not serious. US is not a replica of those coountries.
But Us dollar will go down. It's like a choregraphy organized by central banks, they are going down all along. They all practice the same monetary policies.
That's why I am confident with gold to remain high and reach new summit.
I don't see the Canadian dollar to be the best haven to get away from a UsD collapse, since Canada send 80 % of its products in USA, it is hard to do good business when your main client is in big trouble.
10 Predictions for the Global Economy [View article]
To conclude, I will just quote the prophet.
''There are known knowns. There are things we know that we know. There are known unknowns. That is to say, there are things that we now know we don’t know. But there are also unknown unknowns. There are things we do not know we don’t know''
I don't know where gold will be in the next 6 month. 200 or 2000 $.
I expect it will be 2000. Even in that tricky game.
Because it is a tricky game. Did not some bankers and central bank done a job on gold in August ?
There is so much price difference between the''paper asset'' and the real McCoy....Mint stores are in back order mode.
What we mostly forget in the debate about gold over In-falation or de-flation and monetizing debts, is that serious political crisis beside economics are worsen too.
Pakistan is very unstable, the Iranian showdown is not over, Caucasus is on the middle of another confrontation with Russia, and piracy is endemic close to the Red sea, where so much of our oil comes from.
Joe Biden warn us about a crisis in the months to come to test Obama, an every high ranking officials around the globe agreed.
Oil producers in North America might be also a good investment.
The Final Market Bubble [View article]
And I do agree that a collapse overnight to zero for Us dollar is exagerate.
Even Iceland didn't go down to zero overnight. Doomsayers arguing for Zimbawe or Weimar republic are not serious. US is not a replica of those coountries.
But Us dollar will go down. It's like a choregraphy organized by central banks, they are going down all along. They all practice the same monetary policies.
That's why I am confident with gold to remain high and reach new summit.
I don't see the Canadian dollar to be the best haven to get away from a UsD collapse, since Canada send 80 % of its products in USA, it is hard to do good business when your main client is in big trouble.
10 Predictions for the Global Economy [View article]
''There are known knowns. There are things we know that we know. There are known unknowns. That is to say, there are things that we now know we don’t know. But there are also unknown unknowns. There are things we do not know we don’t know''
Greetings to you all !
Deflation Now; Inflation's Coming [View article]
I don't know where gold will be in the next 6 month. 200 or 2000 $.
I expect it will be 2000. Even in that tricky game.
Because it is a tricky game. Did not some bankers and central bank done a job on gold in August ?
There is so much price difference between the''paper asset'' and the real McCoy....Mint stores are in back order mode.
What we mostly forget in the debate about gold over In-falation or de-flation and monetizing debts, is that serious political crisis beside economics are worsen too.
Pakistan is very unstable, the Iranian showdown is not over, Caucasus is on the middle of another confrontation with Russia, and piracy is endemic close to the Red sea, where so much of our oil comes from.
Joe Biden warn us about a crisis in the months to come to test Obama, an every high ranking officials around the globe agreed.
Oil producers in North America might be also a good investment.
Best luck to you all,
Gilbert