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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Central banks exchange dollars for gold..and an expert: its price will fall for 5 years!

    Rocky
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    • Post n°1

    Central banks exchange dollars for gold..and an expert: its price will fall for 5 years! Empty Central banks exchange dollars for gold..and an expert: its price will fall for 5 years!

    Post by Rocky Mon 20 Feb 2023, 5:28 am

    [size=30]Central banks exchange dollars for gold..and an expert: its price will fall for 5 years!
    [ltr]2023.02.20 - 13:43[/ltr]
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    Baghdad - people  
    “The value of gold will go up while the dollar will go down this year and up to five years into the next,” says Paulson, founder of Paulson Corporation and hedge fund manager in gold and the dollar.  
      
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    Central banks are abandoning the dollar  
      
    "There's been a huge increase in demand from central banks to exchange dollars for gold, and we're only at the beginning of that trend," Paulson said. "Gold will go up and the dollar will go down, so you'd be better off holding on to gold."  
      
    Paulson recommends playing the long game with gold. He highlighted the trend of de-dollarization and noted that with the fears of challenging inflation and new geopolitical tensions, new investors are increasingly attracted to the yellow metal at the expense of the dollar.  
      
    "The dollar is still very dominant in terms of reserves and trade, but the US economy after World War II wasn't the strength it used to be," Paulson said. The rest of the world in terms of trade and investment balances that used to be very positive, but now it's very negative."  
      
    The dollar is weakening itself  
      
    Paulson added that the US dollar is also looking lower against other currencies, citing massive money printing, fiscal spending, past quantitative easing and inflation.  
      
    “If you have dollar inflation of 9%, this year you have lost 9% of your money; interest rates are nowhere close to making up for that loss. This is driving investors and central banks around the world to look for an alternative reserve currency, and gold is that alternative.”  
      
    Gold is a legitimate alternative to dollars and other fiat money. With the growing fear of sanctions, countries like China realize that US dollar reserves can be frozen.  
      
    Russia.. a global rethink  
      
    “If you keep your money in fiat currencies, you run the risk, because of geopolitical events, that your reserves could be taken over. As central banks have done with Russia. China probably thinks that since they have so many of their reserves in dollars, Paulson noted that if they get into a geopolitical row with The Western world over Taiwan or whatever, there is a possibility that these reserves could be frozen, as they did with Russia.  
      
    The billionaire pointed out that with physical gold, there is no such risk, plus there is a very high possibility of price hikes for precious metal reserves.  
      
    "We are at the beginning of the trends that will increase the demand for gold, and inflation and geopolitical tensions will determine the rate of gold's rise. This year gold will rise against the dollar, and also in three, five, and ten years."  
      
    When asked about the Fed, Paulson said the US central bank may raise another 50-100 basis points before stalling.  
      
    “A lot of people are expecting the Fed to start easing in the second half of the year, but inflation will be more steady than markets currently imagine. They will likely raise it another 50, 75, 100 basis points over the next few meetings and then hold it until we see severe economic shock.  
      
    Digital currencies or gold?  
      
    Paulson described digital currencies as the "biggest bubble" created by the Federal Reserve through massive money printing. "Cryptocurrency is one of the most ridiculous investment vehicles out there," he said.  
      
    The prominent investor said there is no intrinsic value and predicted that the cryptocurrency market will lose its residual value in the next 48 months. “Cryptocurrency from its peak has lost between 70-75% of its value, and over the next two years, I think it will lose most of the remaining value. It is very unfortunate that so many people have lost so much investment money in cryptocurrency.”  
      
    Quoted from "investing"  
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