Gold decoupling from dollar hedge, becoming global hedge futuresmag.com
Rising foreign demand for gold signals that gold is not just a dollar hedge but also a global currency hedge. Also, gold has acted as hedges against asset deflation and inflation.
–To a carpenter with a hammer, everything looks like a nail.
To dollar centric traders, it is gold that decouples from the dollar.
What nonsense.
Gold is the same price as it has been since before the birth of Christ. One ounce buys about 350 loaves of bread.
Nothing changes in terms of the price in gold. Everytime a paper currency comes into existence, it is linked to gold and then it is the paper that de couples.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
