Hi Bj”rn,

On 2019-08-07 13:06:29, you wrote to Ward Dossche:

 BF>    It's probably no coincident that the gold price has been going up
 BF> steadily for more than a year, more than 5% in just 30 days. The new
 BF> interest rate and Trump's escalated trade war with the world is showing:

 BF> https://goldprice.org/

 BF>    Only today it went up more than 1% so far. That's huge on a market that
 BF> rarely see more than fractions of a percentage per day. More and more 
major
 BF> investors are selling out their dollars before it crashes completely. And
 BF> they have to do it a small step at a time, to recover most of their 
losses.

You're confusing the dollar rate (against other currencies) with the gold rate. 
There isn't a one to one relation between the two. Currently the gold rate (and 
that of other precious metals) is going up in all currencies. In the dollar, 
the Euro (good for us), and even more in the Chinese renminbi, that was 
devaluated. And that's one of the reasons why it's going up. The Chinese people 
aren't allowed to buy foreign currencies, but they can buy precious metals. So 
when a currency devaluates it's smart to have precious metals instead of that 
currency, so Chinese people are buying, which makes the price go up.

The dollar rate is still quite stable. This is mainly because of the 
petro-dollar: the fact that oil and other commodoties are traded solely in 
dollars. So the world needs a lot of dollars to buy those goods. So the USofA 
can almost print as much dollars as they like, without it making the value go 
down. And because of this keep this large deficit and national debt going up at 
these ridiculous rates.

Wars are faught about this. When Saddam Hussein threatened to sell Irak's oil 
for other currencies than the dollar he was removed from power with some lame 
excuse about weapons of mass destruction. And now Iran is threatening to sell 
its oil to China in exchange for Renminbi's instead of dollars and see what's 
happening...

Bye, Wilfred.

--- FMail-lnx64 2.1.0.18-B20170815