9 Comments
User's avatar
Crunchie1984's avatar

..but of course, if you sell your U.S. bonds and switch the proceeds into gold, then it doesn’t have an effect on your currency at all…

Daniel's avatar

https://www.chron.com/news/space/article/golden-asteroid-visible-19615475.php

Hi Lau

Doug needs to read this article. The WH just announced we have the technology to

teleport and if true we will all have gold plated toilets.

Lau Vegys's avatar

Lovely. I'll be sure to pass it on to him :)

Maree Guenole's avatar

Tom Luongo has pointed to the ECB and BoE. A rise in the Euro against the dollar would confirm this, which is the case.

Peter Cooke's avatar

Tom is one of the biggest charlatans out there. There’s not enough salt in the seas to be added to what he says.

Maree Guenole's avatar

Are you disputing the sale of the US treasuries by the ECB/BoE?

Lau Vegys's avatar

Pretty sure you're right, Maree. The ECB and BoE are selling too.

fritz Biermeier's avatar

But the treasury rates from 3months all the way to 5 years are the same as 30 days ago and the 10 year is only up 16 basis points.

Lau Vegys's avatar

It’s not about how high rates are, it’s about how fast they’ve moved.

https://thehill.com/business/5245617-bond-market-trump-tariffs-economy/