What would happen to Gold & Silver IF:
CoinMaster1229
Posts: 1,092 ✭✭
The IMF latter this year, were to add the Chinese Currency
to the Worlds Reserve Currency? would this cause the US Dollar
to tumble.
to the Worlds Reserve Currency? would this cause the US Dollar
to tumble.
0
Comments
<< <i>The IMF latter this year, were to add the Chinese Currency
to the Worlds Reserve Currency? would this cause the US Dollar
to tumble. >>
Lol, What kind of psychotic question is this???...
You speculating on g&s or usd... And unfortunately I perceive you to think if the dollar(index) falls then gold will rise...
Or who knows what the heck you personally define the US Dollar as/is...
Ultimately it's all meaningless...
Secular bear market...often lasts decades...just like last time.
Don't think this time it is different!
<< <i>The IMF latter this year, were to add the Chinese Currency
to the Worlds Reserve Currency? would this cause the US Dollar
to tumble. >>
First you have to understand what you are asking. When you understand, you will have the ability to answer your own question.
Knowledge is the enemy of fear
<< <i>
<< <i>The IMF latter this year, were to add the Chinese Currency
to the Worlds Reserve Currency? would this cause the US Dollar
to tumble. >>
First you have to understand what you are asking. When you understand, you will have the ability to answer your own question. >>
Well how about a little help!
probably happen. Russia will like it as will the countries in the Middle east (not Saudi Arabia, not Kuwait).
If allowed they will not participate to any extent in replacing the USD as they will be limited to a few percent
of world business.
Lots of info on the Web regarding this.
It will not affect anything and gold and silver will continue to fall.
bob
Knowledge is the enemy of fear
<< <i>Gold & silver will continue on a long term downward trend for a very very long time.
Secular bear market...often lasts decades...just like last time.
Don't think this time it is different! >>
So your cycle projection is that even though the 1980-2000 20 year PM bear was only followed by a 10 year rise, that everything is reset for another 20 years down? Doesn't seem logical that a PM cycle is 20 yrs down - 10 up - 20 down - 10 up, etc.
If it's "just like last time," where silver and commodities put in a 18-20 year rise (depending on when you pick the start day in the 1960's)....then a measly 10 year rise from 2001-2011 seems very short. If that is the case, then this time already is different. How do you know this is a long term PM secular bear market? One could say silver rallied from 1932-1980 based on all time low US silver prices of 25c/oz in the early 1930's. Or another view would be a rally from 1945-1980 as silver prices rose steadily during and after WW2. Worse case you might come up with the early 1950's to 1980 as a silver bull or even 1958 or 1962-1980. Don't try to assign a bull market to gold from 1970-1980 as it was fixed in price for most of 1962-1968. So anywhere from a 20-60 year up market cycle seems reasonable. If you can accurately choose what exactly silver (or gold) did "last time" around, then "next time" should be a piece of cake.
that would be the peak, get out then
Liberty: Parent of Science & Industry
<< <i>Ya might get a spike in PM prices as there's a scramble for physical. Then Gold and Silver would make the front pages of the financial papers, and CNBC would send a reporter to live coverage at a coin show.
that would be the peak, get out then
Deja vu all over again...lol...
that would be the peak, get out then
I remember when Walter Perschke appeared on Wall Street Week with Louis Rukeyser after buying his Brasher Doubloon in 1979. It wasn't quite the peak, but it was getting closer to the peak at that time.
I knew it would happen.
If it's "just like last time," where silver and commodities put in a 18-20 year rise (depending on when you pick the start day in the 1960's)....then a measly 10 year rise from 2001-2011 seems very short. If that is the case, then this time already is different.
Not only that, but there are market dynamics in play now that didn't even exist in 1960 thru 1985. It's not to say that market manipulation didn't exist before (Joe Kennedy was one of the biggest stock market "dark pool" manipulators in the Roaring '20s), but the tools used to manipulate markets, and the markets themselves are now way beyond what anyone could imagine back then.
So what happens if China's yuan gets added to the basket of currencies used as a world reserve currency? See what cohodk said. It's a nominal change only as long as fiat remains viable, and fiat viability is only a numbers game based on debt service (interest payments). Inevitably, fiat collapses. It always does.
Market cycle projections will only matter until real world supply runs short of real world demand, as in that socialist paradise - Venezuela today.
Not to worry, it can't happen here.
I knew it would happen.
What are the odds that China reported "relatively" accurately this past month at 1,658 tonnes? Why would they?
<< <i>What if after having their currency added to the IMF's SDR basket that they readjust their gold inventory up 1,000-2,000 tonnes at the same time? Any change then, or just same old same old?
What are the odds that China reported "relatively" accurately this past month at 1,658 tonnes? Why would they? >>
Sounds like a dilemma for our in house conspiracy advocates to "chew on."
IMF SDR status gives other central banks the green light to add RMB to their reserves and encourage outside investors to pour money into Chinese stocks and bonds. Many believe that China's build up of gold reserves was done to strengthen their odds of SDR inclusion.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>What if after having their currency added to the IMF's SDR basket that they readjust their gold inventory up 1,000-2,000 tonnes at the same time? Any change then, or just same old same old?
What are the odds that China reported "relatively" accurately this past month at 1,658 tonnes? Why would they? >>
Sounds like a dilemma for our in house conspiracy advocates to "chew on."
There goes that "C" word again. Only the fiat bugs still seem to utilize it. The Chinese would just be exercising "good business practices" by not showing their entire hand. They've been doing this with their official stated gold inventory since 2003. It's an apparent steady business practice....not a "C" word.
I agree with derryb that the USDX is sort of irrelevant to China...especially since they're currently pegged to the USDollar. It's the SDR that matters ....not the USDX. The world is heading away from a USDX based trading/currency system and towards a more functionable IMF SDR. The Chinese will probably unpeg when that time comes.
The reason I started this thread was because me and a friend purchased
a financial report together. In the report they predicted that the IMF
would announce sometime in late October 2015 that the Chinese
currency would be added to the reserve currency. They said when
this happens, it will be a shock to the worlds currency markets. They
went on to say this would be a very big story on financial news everywhere for
days, if not weeks. This report says everyone in America would be effected
when tens of billions, even hundreds of billions of US dollars are sold in the markets
in order to buy the Chinese currency. They do not predict a US currency
collapse but they say US currency will take a hit. They also go on to say
US currency will slowly continue to drop for at least 5 years.
They predict most US Stocks will suffer, but some will prosper to.
Commodities will do well, especially PM`s. Your home value will rise.
Chinese Stocks will surge. They say the time to prepare is now.
They also stressed that when buying PM`s buy Physical.
I know nothing about the currency markets, or how they can
effect the US Dollar and PM. That's why I am
reaching out to you guys.
Might as well pay for some real info and insight instead of regurgitated crap you could have got for free...
I will answer only for a fee...
<< <i>Well you are going to have to start paying here...
Might as well pay for some real info and insight instead of regurgitated crap you could have got for free...
I will answer only for a fee... >>
Thanks A Lot!
The USD dropped for 7 years from 2001-2008. And now it's risen for exactly 7 years since 2008. No idea what that means other than it's symmetric. No real decline since the much stronger 4 year rally began.
Knowledge is the enemy of fear
<< <i>How much did you pay for this "report"? >>
Why, is "good" information only available at a cost? The information from the BLS, BEA, OCC, FED, and BIS is all free too. Does paying more for information make it that much more accurate?
<< <i>
<< <i>How much did you pay for this "report"? >>
Why, is "good" information only available at a cost? The information from the BLS, BEA, OCC, FED, and BIS is all free too. Does paying more for information make it that much more accurate? >>
Or make it less accurate? That's what I want to know? Was there also a coupon attached to this report?
Knowledge is the enemy of fear
on gold and silver.
Gold and silver are in downtrends which could end at any time. Often,
trends continue further than we expect. We are probably seeing that in
precious metals (down) and stocks (up).
I tell my children "don't accept candy from strangers" and
that also applies to investment advice.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey