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Ann: Sorby Hills Definitive Feasibility Study, page-295

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lucky 992

3,263 Posts.

126

09/03/23

18:38

Post #: 66684498
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Originally posted by PhillW: ↑

All of what you have stated means zip if your imminent crash in markets occur. The USD is made up out of a basket of currencies. As those currencies plummet due to market forces, the USD gets stronger. Until such time the IMF or whoever comes out with a NEW reserve currency to replace the USD then currency fluctuations during financial shocks have always resulted in a flight to the USD and in some cases the JPY. Just look at 2008 crash & 2020 flash crash. All currencies collapsed bar JPY and there was a flight to USD. PM's were slammed because share prices collapsed resulting in margin calls and the average investor selling their PM's in the panic.

If the currencies making up the USD index fall then the USD must rise. In your imminent market route, do you see all of the currencies in the USD basket not dropping? I must admit that I thought the AUD was in the basket. Maybe there is another update or I have been wrong for a long time.

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"The USD is made up out of a basket of currencies. ",,,, ya reckon.....

BML Price at posting: 19.5¢ Sentiment: None Disclosure: Not Held
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Last 10.5¢		Change -0.005(4.55%)		Mkt cap ! $24.50M

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