RE:RE:RE:RE:Resistance Being EncounteredWith no resolve at G20 for coordinated action, there has to be many countries poised to devalue their currency. A stronger US$ is a bitter pill for Fed to swallow as exports will become ever more terrible then they are now.
I was looking to but another gold coin similar to wghat I bought in June 2014 when I paid $1450 C for it. A similar coin will now cost about $300 more. The price of gold bullion in US$$ terms is pretty much the same as June 2014 but what has changed is weaker C$ and stronger US$. I expect C$ will not strengthen over next few years (partly because government would prefer a weaker currency) and so question is where will US$ go over next few years??? Buying an ounce of gold now at that $300 prenium doesn't make sense if one expects some weakening of US$ and hard to imagine US$ will get much stronger so this all makes a case for not buying bullion at this point in time, does it not? Maybe gold stocks is the better option. All interesting stuff for crystal ball gazers LOL.