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Re: Final destruction of the FIAT currencies

By: Cactus Flower in ALEA | Recommend this post (0)
Mon, 27 Jul 20 7:56 PM | 25 view(s)
Boardmark this board | The Trust Matrix 		Msg. 37855 of 54959
(This msg. is a reply to 37852 by Gsratio)
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I am strugling with your first sentence.

I think you are saying that the dollar, a fiat currency, has made all time highs in gold.

Do you mean that the price of gold has declined in relation to the dollar? But that other currencies have declined in relation to the dollar and gold?

If so, then I suppose the value of the dollar is increasing. Flight to quality. Happens sometimes at times of heightened risk when other assets are expected to perform poorly in the near term.


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The above is a reply to the following message:
Final destruction of the FIAT currencies
By: Gsratio in ALEA
Mon, 27 Jul 20 6:51 PM 		Msg. 37852 of 54959

Timberrrrrrr................The Dollar has made all time highs
in Gold today,the Only FIAT currency left to do so.

All FIAT currencies have lost about 85-90% in just
20 years & 98-99% in 49 years........the 1-2% left
will be parabolic.

The Austrian school has won!

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