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Re: Final destruction of the FIAT currencies

By: Gsratio in ALEA | Recommend this post (0)
Mon, 27 Jul 20 8:11 PM | 28 view(s)
Boardmark this board | The Trust Matrix 		Msg. 37857 of 54959
(This msg. is a reply to 37855 by Cactus Flower)
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The value of the US dollar has Decreased 98% relative to
Gold in the last 49 years & 88% in the last 20 years.

It was the Only FIAT currency left that had Not broken
through it's all time Gold high, until today.

The Only Money that has been a flight to quality these
past 50 years has been Gold.All other Paper FIAT currencies
has lost 98-99% of their purchasing power.

The final destruction of the last 1-2% is playing out now.

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The above is a reply to the following message:
Re: Final destruction of the FIAT currencies
By: Cactus Flower in ALEA
Mon, 27 Jul 20 7:56 PM 		Msg. 37855 of 54959

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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