Post
Topic
Board Economics
Re: This is a total nightmare
by
jackg
on 27/07/2020, 12:11:10 UTC

Exactly ... and it's based on International costumers that pay in dollars ...dollar falls  i have to increase price do to fact i am based in Europe ...

Have you already reached a problem with a lack of buyers or is it thst you're expecting this trend to continue? Did gold have much to do with this?

Whoa, I hadn't noticed gold just hit a new ATH against the USD. Risk assets are looking bullish as hell. Shocked

Gold's ATH was 40 years ago. That is adjusting and accounting for inflation which I'm told is the entire point of gold. If you'd piled in in 1980 you'd still be waiting to break even. This is why it doesn't cause me to thicken and engorge.

I guess if no one gets interest from risk free places like banks and don't want to take the risks on bonds or shares - the precious metal sector has a lot of attractiveness. And if they're below the inflation rate currently since 1980 compared with the dollar that means they might still have growth space.