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clock Created with Sketch. 26/09/16
22:16
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Originally posted by dfer
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Haha If the feds can pull off an interest rate rise without the sky falling I will eat my own excrement. A dollar revaluation will occur thus pushing the price of gold up, because unlike currency, gold/money has stored value. Cryptocurrencies have also seen huge gains recently due to the anticipation of a collapsing US dollar. Through out history all currencies end up crashing. The dollar is not immune to this fact. What we are witnessing is another Costa Concordia where only a few people truly understand what is going on and are already making moves without alerting anyone. So even if the interest rates went up the debt ceiling will be raised again and it will once again inflate gold again. It doesn't matter how they move it is inevitable.
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Talking of the US debt ceiling ... Talks deadlocked on Friday. Deadline due this week... Gosh, it's a scary week for markets. Must be the Jubilee grand finale ...
