Loading ...They threw the USA a bone after 9/11/01. Had it from 120 to 75-80 area 2008 thru 2014, for their own good naturally. Now it back up near 100 again. Making imports cheaper to over ride higher tariffs. Those foreigners just don’t want to lose long term.
Its ok for the USA to lose long term though. Sooner or later the long term weakened artificial man made US $22 Trillion Debt economy will expose itself and take them all down with us. Maybe then they throw us a Low Dollar Bone again.
They were talking about tariffs on tools before. If tools and imports get expensive, garage sales prices should get higher. This country is so full of cheap imports, used products are worthless. You gotta see what the people put out at the curb on garbage night.
One story I heard, car dealer friend, went to buy a used car, owners just sold the house for big bucks. They can’t import houses yet, plus R/E is protected and supported by Gov’t. Its every body’s “bank account” and no FDIC insurance on it.
Anyway, he pulls up to the house. Huge dumpster in front. The entire contents was being dumped. Dining room , kitchen, bedroom stets etc etc being dumped. Worthless prices. Nobody wants your used stuff.
See dopey dollar long term chart, reflecting the 12-13 year PM bull market, averaging 17% Gold APY ’01 to ’12-13 and Gold correction until 2016: https://www.mrci.com/pdf/dx.pdf
See, long term Gold Chart, showing late 2015 rock bottom, at $1060/oz. https://www.mrci.com/pdf/gc.pdf
Silver still at 2015 low, back to 1980, perhaps ready to to lift off again? : https://www.mrci.com/pdf/si.pdf