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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.33

+0.7%

Nov 18 4:00 PM EST

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To: Box-By-The-Riviera™ who wrote (215838)	8/9/2025 6:05:16 AM
From: TobagoJack	Read Replies (1) of 217860

Re <<exit>> I thought this piece from Jim Rickards might bring a smile to some faces….. Q: What impact will Trump’s nomination of Stephen Miran to the Fed board have? – Ben S. A: It’s a big deal. The nomination of Miran to join the Fed is extremely bullish for gold. Miran devised the Mar-a-Lago Accord, which calls for low rates and a cheaper dollar. Now he can make that happen from the Fed. Traditionally, the Fed keeps out of currency values and exchange rates. They say "That's the Treasury's job." Of course, interest rates set by the Fed affect FX values, but the Fed is not supposed to impact the currency directly. But Miran is the mastermind behind the Mar-a-Lago Accord, which is all about exchange rates and a cheaper dollar. I don’t see where he draws the line. Whatever the merits of the plan, it closely resembles President Nixon’s plan to cheapen the dollar beginning in 1971. From 1971 to 1980, the price of gold soared over 2,100%. A replay today would put the price of gold at $75,000 per ounce. Gold may be partying like it’s 1975!

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