MikeCristo8
@MikeCristo8
I believe the Fed and the BoJ are going to raise rates together around the same time.
BRICS is making to gold transition to oil.
The dollar is an imaginary wealth system.
BRICS will collapse it with commodities being priced in gold.
The transition.
The world is selling dollars (as for why gold price is rising).
It’s possible we are now at the beginning stages of Basel III being implemented.
The BRICS unit will be backed by the currencies of OPEC countries in the basket.
That is likely already in circulation.
If the Fed cuts rates.
Gold will immediately go to $3,000 in a few hours.
Oil price will crash below $50 bbl.
You think Powell really wants that?
Remember; it’s not that people are buying gold which is driving the price up.
It’s the world dumping dollars (back onto the U.S. Treasury).
As to why gold is rising.
The Fed is going to protect the dollar.
No rate cuts.
