Share
In another good article in the AFR.
CB's around the world on average have increased their buying of GOLD by 30% this year.
Since 2000 the amount of US dollars held as reserves has decreased from 40% to 22%.
By the By the EU is in recession and now Germany is in a recession. Germany is the US biggest trading partner.
Using common sense if the EU is in recession along with Germany then the US will be going down as well, particularly when you look at how strong the US dollar has become and the fall of the EU.
Saw a US currency strategist on ABC this morning and he told a truth about the US employment recovery.
He said although the unemployment rate has dropped the jobs are not what the workers wanted and are in the low end casual employment market around the minimum wage bracket.
So as a lot of people have thought the employment is a lot worse than the official figures.
US FED to end QE and yet GOLD still losing ground hmmmm.
