RE:RE:RE:Gold and the Russian Ruble
braindeadoldguy wrote: The reason is simple. Russia, and many other nations as well, want to break the USD control over everything, including gold, oil, and banking. The USD is the number 1 currency in the world. It's just that a lot of other nations hate being lower in the ranking and want more control for themselves, lol.
Cheers
Gold has broken to the upside against most currencies. I guess it will break out against the usd last. It will happen eventually and I guess that is when we will see more capital flow into the sector when it becomes obvious to most investors that gold is the ultimate currency and best store of wealth that has stood the test of time. That being said the country will the strongest military always has the strongest currency so I suspect the US dollar will remain strong no mater what Russia, China and others hope for.