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Commodities Briefing - Categorized | Bullion/Gold, Currencies more

Have gold and silver stopped responding to dollar’s price action?

Posted on 17 June 2013

Gold cannot be printed or manufactured in contrast to the currency. That’s why over the long term it has kept its value as the ultimate currency. There can be no “gold war.” However, we often hear about a currency war. Sounds familiar, where did we hear this before?
The phrase “currency war” was coined by Brazilian Finance Minister Guido Mantega after the financial crisis of 2008. The idea is that highly indebted nations weaken the value of their currency by cutting interest rates down to zero and printing fiat currency in order to gain trade advantages (cheaper products to export) and to pay less debt service on their bonds……………………………………..Full Article: Source


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VRS - who has written 36729 posts on Opalesque Commodities Briefing.


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