Gold in Foreign Currencies



Gold in Foreign Currencies

Comments

  1. It's all a matter of perspective. For most people, their point of reference will be their own national currency (unless you want to be long gold and short another currency.)

    In my opinion, treat gold just like any other currency (which it is) then put your money in the strongest one. In the long term, in my opinion, it is gold.
  2. The whole world is bearish on gold. This is only due to the large scale [$] reflation experiment by the central banks. False DOW and S&P valuations have drawn money from everywhere else - BUT LOOK AT THE EARNINGS AND P/E RATIO OF THE DOW AND S&P COMPANIES!!!! 

    An accounting/economics experiment nothing more. There is no wealth behind any of it, and so the decline will continue.
  3. Dollar bull run is over.  Gold has seen a bottom.  Silver, too.  Now is a great time to buy.  But you should only have 5-10% of investable assets in gold and silver.  And you need to keep some cash as well.
  4. Gold is over 1500$ CAD per ounce...

    Dollar is on a tear upwards, and in a very short period of time...It may even go much higher...
    but everyone knows...what goes up...
  5. i am shorting gold down to 860.
  6. Your point seems good to me Rahul. It appears that by printing and exporting dollars for so long and in so much quantity, that carry trade loans denominated in USD have gotten to the point of creating a long term short dollar position held by "the rest of the world". So repaying those loans creates demand for dollars at the moment, which supports it. At the same time the DX is the measure of success of the dollar, whereas other currencies are not considered equally. Well a good old fashioned dollar commodity bull market will show the decline across the board for all currencies, when it gets going. Time is required to pass to show what that achieves. Given the carry trade in dollars, anything that pits that carry trade into reverse flow will have a turbo charges effect once it gets moving.  So we have bonds offering no value, first competitor asset gone (after fear stops supporting bonds, and note the ubiquitous fear content of the news coincidentally), stocks are high, but can possibly go higher. So this, the next competitor is moving into mature bull trend status. Best idea: give oil time to show a bottom and base formation, then watch gold go and the USD move back downwards.
  7. The Yen is on a highway to hell.


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