I wouldn't count gold out entirely. Good to have a bit if you can.
Russia bought heavily into gold. China is working with them under the table to undermine the U.S. dollar.
They used their lockdown to shut down exports, and are destroying their own food possibly with the intention to buy all of ours if we are stupid enough to sell it.
There may be a plan for many 2nd world and 3rd world nations to drop the dollar in a coordinated effort to bring it down.
So if the dollar strength is what's keeping gold down, then it may shoot up at great cost to the wests' dollar soon.
GDP is also down. The hypersonic missles unveiled by Russia are designed to sink air craft carriers with no possibility of interception hence the ability to prject air superiority would be crippled.
No production, no dollar, no force projection = No intrinsic value of the U.S. as a world player.
Comments
(Old Spike)
I wouldn't count gold out entirely. Good to have a bit if you can.
Russia bought heavily into gold. China is working with them under the table to undermine the U.S. dollar.
They used their lockdown to shut down exports, and are destroying their own food possibly with the intention to buy all of ours if we are stupid enough to sell it.
There may be a plan for many 2nd world and 3rd world nations to drop the dollar in a coordinated effort to bring it down.
So if the dollar strength is what's keeping gold down, then it may shoot up at great cost to the wests' dollar soon.
GDP is also down. The hypersonic missles unveiled by Russia are designed to sink air craft carriers with no possibility of interception hence the ability to prject air superiority would be crippled.
No production, no dollar, no force projection = No intrinsic value of the U.S. as a world player.