DOLLAR GAINS WORLD PAINS: U.S. Dollar is Losing and Danger is Getting Worse
ITM Trading Podcast
00:00
Gold Is the Only Form of Money That Runs No Contrapency Risk
Longer term, you see a completely different thing. The blue area is the spot gold the red area is the us Dollar. Do you notice how much more quickly we're seeing a decline and purchasing power? So strong dollar, it buys you less and less and less until, frankly, it will buy you absolutely nothing. Youhad better have gold, you had better have silver. That's what gold really is. Gold is a safest monetary asset. Therefore it doesn't have to pay you interest. But hawkish monetary policy from central banks has pushed gold, which bears no interest, to its worst quarter in over a year.
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