And if that’s true, then it follows that we likely also haven’t seen the last of the US dollar’s strength.
If the Chinese decide to devalue another 10%, or even another 5% versus the Dollar, it would likely require the sale of up to another several hundred billion dollars in US treasuries over the coming months. Such a sale would give a rather large boost to the USD index within a short period of time….which could also provide further short term weakness to paper gold and silver prices.
Yep a strengthening US dollar.........is very bad for gold.....I get paid in US dollars......do go eat your gold.....lol
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- Beijing Just Buried its Fangs into the US Dollar Standard
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