What happens to the price of silver (NZD/AUD) if USD crashes?

Discussion in 'Currencies' started by Glenis, Dec 26, 2018.

  1. Glenis

    Glenis Member

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    I'm about to start stacking silver but I can't get my head around what happens to the price of silver (and gold) if the USD crashes.

    There has been talk of the USD crashing for some time due to money printing by the Fed, the potential to lose reserve currency status or a change from petrodollar to petro-something-else.

    If my stack is worth $10,000 USD - approx $14,500 NZ and the USD halves, am I better off or worse off?
     
  2. alor

    alor Well-Known Member Silver Stacker

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    no difference, since you have the ounces
    unless you sell it for USD, and convert it back to NZD (which need not be done)
    gold has the ability to retain its value, so long as you can retain it with you
     
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  3. Glenis

    Glenis Member

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    And if I convert to USD then NZD?
     
  4. alor

    alor Well-Known Member Silver Stacker

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    when you transact in USD, you can be block, they suspected your money is not clear, could be suspicious activities etc
    it is their money and they have the authority to put it on hold
    just like London put Venezuela gold on hold
    we just never know
     

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