Loading ...So are we the lucky ones on the planet, because the strong dollar gives us a big discount to buy some if we please? The Japanese may want to sell and take profits. I assume it may be the same with mining stocks in Japan, being lot higher priced also. Maybe it’s good for their retirement accounts.
The Europeans are also basking in profits on Gold, UK up 13% Europeans up 10% on their gold investments. USA down 6% on Gold. Who’s the winner in this situation?? Normally and typically, the USA is the loser and foreign countries are on welfare.
Gold – Currency Charts (kitco.com)
Holy cow, look how strong and high the Russian Ruble is, getting Gold at 21% discount, was up 80% (weak ruble) during the year. That makes the USSR Rubal the strongest currency over the USD gold down only 6%. So if required, USSR can buy more gold than the US Gov’t. during the next financial fiasco.
Gold – Currency Charts (kitco.com)
Note how the Chinese Yuan and the USD are basically pegged, allowed to fluctuate slightly for appearances sake. So in a sense, China and USA are one country.
Gold – Currency Charts (kitco.com)