Currencies, They Are All Sinking!

in #markets5 years ago


In this report, I cover the early market action from London on Monday, December 10th, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market, and the oil price.

Today I look at an old article I wrote back in 2007 about currencies and the fact that trying to pick a winner out of the national or fiat currencies is a losing exercise in the long term. In the article, I talk about how the best way, in my opinion, for one to protect his or her wealth from inflation is through holding gold and silver.

My conclusion is that the currency markets provide short-term trading opportunities but that for the long haul one would do better in holding monetary metals as a way of safeguarding their savings.

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Currencies, They Are All Sinking!: http://www.marketoracle.co.uk/Article850.html


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Awesome video @maneco64 , really scary to see just how much the fiat is dropping in purchasing power. Hopefully beyond those who know better investing in gold and silver, we can see regular working people will still manage alright in the coming decades. With hope and pressure and demand, right? France seems to be demanding it.

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Yes, it's done gradually so the general public does not notice it or know why it is happening.

That's some really scary stuff. What do you think will be the tipping point, do you have any sneaking suspicions of what's going to go down eventually?

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I would appreciate your view based on my comments as a wholesale merchant buying and selling clothing and textiles around the World. Thank you very much

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