Goldtent TA Paradise

The Dollar Is Losing Its Grip

1. Curly Top says:

   March 30, 2019 - 8:02 pm at 8:02 pm

   Russia’s move into Yuan bonds and out of US Trsy’s isn’t an indication of loss of faith in the dollar as reserve currency but a defensive move to lessen the impact of any US sanctions and possible cut off from Swift and other world-wide financial systems. The article also doesn’t mention the increase in CB gold reserves. Now that might be a better indicator imo of a growing loss of faith in the dollar. In either case, imo there doesn’t seem to be an existing currency which looks poised to replace the dollar, least of all the Yuan. Do we still need just one reserve currency to facilitate international trade, or can several sit side-by-side?

   • Fullgoldcrown says:

     March 30, 2019 - 8:18 pm at 8:18 pm

     Good Observations Curly.

     Yes …a Group of Currencies all with reserve functions….why not ?

     So maybe that means currencies all stay in their present relative “value” against each other….sort of a peg

     Just side by side into forever….with small variations . Then maybe when all currencies have been stable for a while …they just roll em all into the Worldough.

2. KenS says:

   March 30, 2019 - 8:30 pm at 8:30 pm

   Less dollars in the world means their value increases, just like everything else. It’s no wonder their value increased 1% last quarter.

   • Northstar says:

     March 31, 2019 - 4:38 am at 4:38 am

     I disagree Ken S. The Dollar has been achieving lower highs and lower lows for 50 years. DXY needs to rise above 120 to begin an uptrend again. The highs in each cycle since 1970 have been (approximately) 160, 120 and 102 – THAT IS A DOWNTREND. Why ? Because the Dollar Index is in a steady decline. It really is that simple.

     • KenS says:

       March 31, 2019 - 9:08 am at 9:08 am

       Unfortunately the Post Bubble Contraction is changing all that…

       • Northstar says:

         April 1, 2019 - 7:14 am at 7:14 am

         So-called Post bubble contractions are nothing new, and they have changed nothing in the past – The Dollar still made lower highs and lower lows. This time will be no different.

         • KenS says:

           April 1, 2019 - 7:28 am at 7:28 am

           When do you consider the last PBC happened? You really should read and become familiar with Plunger’s PBC series (listed on the side bar).

3. Tbone says:

   March 31, 2019 - 12:15 am at 12:15 am

   There was a quote that said something like “the lowest dollar reserves since ’13”. That just happened to be the year that gold was hammered and officially began its bear market. These jr sleuths writing these little “stories” should think about a fast food job.

4. Jim says:

   March 31, 2019 - 10:34 am at 10:34 am

   NS…Here’s an opposing view regarding the dollar via Martin Armstrong:

   https://www.youtube.com/watch?v=1sDU9ciXAjI

   • Northstar says:

     March 31, 2019 - 3:27 pm at 3:27 pm

     1n 2010 he was seeing $5000 gold, so I’ll take his predictions with a pinch of salt.