article on US currency reserve status and gold

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article on US currency reserve status and gold

Post by TO39 » Sat Jul 27, 2013 10:03 am

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

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Re: article on US currency reserve status and gold

Post by patrick » Sat Jul 27, 2013 10:19 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

Post by umfundi » Sat Jul 27, 2013 11:30 am

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

Post by momar » Sat Jul 27, 2013 11:57 am

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

Post by LadyGeek » Sat Jul 27, 2013 7:06 pm

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

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