Trump is the wild card here.
His attempts at blowing up trade agreements expose the USD to unnecessary uncertainty
His attempts at blowing up trade agreements expose the USD to unnecessary uncertainty
U.S. economy slows as consumer spending brakes sharply
- Thread starter mentalfloss
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Just remember the potato famine in Ireland, and how we are next on that score with china owning all our farms or their production...at least they will have the dough to buy our own produce when our own dollars don't.
Mining scrap yards can pay well too...as some of the stuff I am inventing comes pre assembled.
Just look at what would actually be good for the US economy considering where he found it, and you will have a decent Idea of where Trump will be trying to go...
Mining scrap yards can pay well too...as some of the stuff I am inventing comes pre assembled.
Just look at what would actually be good for the US economy considering where he found it, and you will have a decent Idea of where Trump will be trying to go...
How many pounds do you have? Is it at home or in a gold bank?
I'd never drive a fiat.
Trump is acting in a manner akin to running the US economy as a business... i am totally behind that, however, the strategies he is attempting to use aren't suitable or effective in terms of gvt to gvt dealings on a global scale.
Example: The beef that Trump has with China and the resulting action(s) to slap tariffs/taxes on Chinese imports... Straight forward and sounded good, right up to the moment that China strategically slapped on their own tariffs/taxes and threatened US suppliers.
On that note, as the Chinese are the biggest suppliers to the US of consumer products, etc, they also have a lot of power in undermining the US economy in their own right.
That said, Trump's strategy IS the wild card on this issue
Not going to be any real transfer payments available due to the stagnant economy.... Unless, of course, you talk to Flossy where he'll tell you that the mfg sector in Ontario is booming
Doesn't change the fact that the USD might fall.
All the same if USDs drop, things like gold increase
Over the long term, gold generally doesn't gain in real value. It just maintains it over time for the most part. The appearance of it rising in value has to do with fiat currency losing its value. It's like if you sat in a stationary car thinking you were moving fast because the cars next to you were driving in reverse.
Try again
If the USD dropped and ours went up breaking the benchmark then you make money. Otherwise you still have the same value.
The slowing US economy is not necessarily a bad thing. If they can get inflation where they want it the decreasing consumer spending can be ignored.
The US economy does not require consumers to be fat dumb and happy - in fact a bit of suffering among the 99% is a good sign.
The US economy does not require consumers to be fat dumb and happy - in fact a bit of suffering among the 99% is a good sign.
The currency FX is where the opportunity is at the time of transaction... Convert to Swiss Francs, Yen, Pound Sterling, etc, depending on how they fare against the greenback.
On that note, gold is quoted in USDs, but not tied to it other than the quote, same as WTI or Brent