I remember Armstrong saying something about gold will go up in earnest when it’s going up everywhere. That still doesn’t negate the fact it can rise even suddenly in individual countries like it did in the 70s here. That just shows you don’t need to be waiting for others to act or be prepared if for whatever reason it’s happening to your country just because it’s not happening somewhere else. Even around 2008 the Swiss had to peg their currency to the euro because it was going up to a point it was affecting their exports making them too expensive. I remember that because I was watching currencies particularly the Swiss and going to start accumulating the Swiss franc and then they did that.. I bet that caused a bit of upset for anyone who jumped on board just before they slammed on the breaks.
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