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VIG GG APAC
(long term holds)
Peace & prosperity --Jack
WorkFromHome001 1 year ago
dont believe yet another scumbag gold broker
A strong rebound in the dollar is spooking sentiment for gold and other commodities, said Kim Jae Jun, a trader with Eugene Investment & Futures Co. in Seoul. A correction in the gold market has been overdue anyway and may deepen should the dollar bounce strongly.
abdighazi 2 years ago
Haha what could cause a strong uprise in the $ ? I could see a dollar rally happening, however it would only be temporary. India just bought 200+ tons of gold for 1045/OZ. , China is urging its citizens to buy gold. When China gives the order to buy all the IMF gold... Well you can connect the dots yourself.
India + China are buying gold because they want to diversify OUT of the dollar. You can't just print up trillions of dollars and have no inflation. (10-25%+ inflation this year)
Adahondeayenh 2 years ago
U could be right but who then will buy the trinkets and cheap programmers in Chindia. Not to mention crushing the value of their investment holdings. And yes you can print trillions of dollars and have zero inflation if the money supply on the street is shrinking, its all money creation that matters. This is what happened in the previous depression, and will happen again, unless the economy recovers .
and they r saying the recession is over so the herd at yt could be right. or its 82 again.
abdighazi 2 years ago