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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (196293)	2/14/2023 7:58:21 PM
From: bull_dozer	1 Recommendation Recommended By Pogeu Mahone Respond to of 217574

Alain Elkann Interviews : John Paulson Why in gold rather than in other currencies such as Euros, Pounds, Swiss Francs? The other currencies will likely rise in value against the dollar, but each has their own issues. The European Central Bank (ECB) has also printed a significant amount of money, and if you keep your money in fiat currencies you face the risk, due to geopolitical events, that your reserves can be seized. As the central banks did with Russia. China probably think that as they have so much of their reserves in dollars, if they get into a geopolitical spat with the Western world over Taiwan or something else there is a possibility these reserves will be frozen, like they did with Russia. They’d rather invest in gold? If you possess physical gold you don’t face that risk. You also have the potential for appreciation. We’re at the beginning of trends that are going to increase the demand for gold, and inflation and geopolitical tensions will determine the rate at which gold increases. This year gold will appreciate versus the dollar, and also over a three, five and ten year basis. alainelkanninterviews.com