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Strategies & Market Trends : ahhaha's ahs
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To: GraceZ who wrote (24634)5/31/2017 11:11:13 AM
From: grusumRead Replies (1) of 24758
 
"speculation has driven up the price."

agreed. this also means it could fall just as easy if it goes out of favor. speculation implies volatility.

"The reserve status of the USD is like the Sun. Maybe no one fully appreciates it until it is gone."

when the US dollar became the reserve currency, were other fiats destroyed or diminished? sure, people will probably sell the dollar out of fear if they think it will lose reserve status, but it will be temporary. its strength will quickly return. i think that at a fundamental level, loss of reserve status is an irrational fear.

"One would have a hard time arguing that the current state of affairs supports its current position in finance now."

i quite agree. i believe the strength of the economy (all else being roughly equal) is what determines the strength of the dollar. the strength of an economy is naturally reflected in the value of its labor.
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