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Brazil: the light at the end of the tunnel?

daOnlyBGdaOnlyBG Posts: 1,060 ✭✭
in Precious Metals
Does anyone see a potential PM rally if Brazil's problems escalate? Of course, its political problems are pretty minute for now, but if they are an indication of a deeper instability, it's possible that the Brazilian Real decreases in value. That also wouldn't normally mean much for any random country, but Brazil is an economic powerhouse with a lot of capital going into its market. Should that capital leave.. would investors rush to put money in silver/gold?

Just curious, and willing to listen to peoples' takes.
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    derrybderryb Posts: 36,212 ✭✭✭✭✭
    My take is that Brazil has no affect on PM prices.

    Give Me Liberty or Give Me Debt

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭
    Brazil benefited from the global carry trade. If that trade continues to unwind due to higher interest rates which coupled with a global slowdown will only push more investors into US dollars.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    DrBusterDrBuster Posts: 5,308 ✭✭✭✭✭
    So long as they don't stop the waxing things will be fine.
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