article on US currency reserve status and gold

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article on US currency reserve status and gold

Postby TO39 » Sat Jul 27, 2013 11:03 am

I am interested in people's thoughts on this article if possible without getting political


http://seekingalpha.com/article/1578602 ... ncy-status
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Re: article on US currency reserve status and gold

Postby patrick » Sat Jul 27, 2013 11:19 am

Here goes nothing...

- The US government has long been complaining that the Chinese government is manipulating their currency ... that is, deliberately weakening it and as a result strengthening the dollar. So if that changes, it only means the US government is finally getting what it wants.
- Also note that Japan has a much higher debt to GDP ratio than the US, in spite of its currency not being nearly as widely used as a reserve currency.
- Predictions that the rise of Asian economies would make gold prices surge have been around a long, long time.
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Re: article on US currency reserve status and gold

Postby umfundi » Sat Jul 27, 2013 12:30 pm

I'll bite.

In my view, the connection between gold and the global monetary system is gone. Wishing is not going to make it come back.

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Re: article on US currency reserve status and gold

Postby momar » Sat Jul 27, 2013 12:57 pm

It's amazing that other countries with similar or higher Debt:GDP ratios and without the world's reserve currency aren't post-apocalyptic hellscapes!
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Re: article on US currency reserve status and gold

Postby LadyGeek » Sat Jul 27, 2013 8:06 pm

This thread is off-topic and locked (economics and politics). See: Forum Policy

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