Major Currencies Continue to Sink to New Depths Versus Gold.
In this report, From London on Saturday, August 3rd, 3 2019 I look at the performance of the world's major currencies versus the currency of kings or gold.
I look back at an article I wrote back in April of 2007 entitled "Currencies, They are all Sinking!" to show the viewers how not much has changed and how the trend is towards even more debasement for the major fiat currencies and that includes the dollar too.
My conclusion, by looking at the charts of various currencies versus gold is that the sinking has accelerated recently and that we should be hitting new depths soon.
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I also noticed that gold had risen to new highs on many currencies.
Norway and India are also at new highs. Surprised with Norway as I'd thought they had managed their economy and oil wealth well!
I have been making some nice returns shorting the pound and going long the franc and yen.
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Wish I could have bought more gold oh well. Have some silver which I buy when I can spear some cash and hope this rises soon, I hear with advances in technology it will become more used in touch screens so should go up quite sharply?
Silver is good too.
here here haha 💯🐒