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The fact that interest are dropping around the world, including the euro bank this morning, while Australian rates are still high thus attracting funds from around the world.
 
sammysilver said:
The fact that interest are dropping around the world, including the euro bank this morning, while Australian rates are still high thus attracting funds from around the world.
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There's a number of factors that contribute to the FX rate, but maybe the real interest rate is having an effect?

US = real rate = 2.56%
Oz = real rate = 1.6%

There's also the US economic stats that would influence the exchange rate as well. Plus increasing demand for AUD as a reserve asset. And then there's Drumph. It's a pretty complicated picture I think. If you find the answer let me know. :p
 
JohnnyBravo300 said:
Who ya mean? The Central Bank Gold hodler Bros? Russia? India? China? Not sure which big money.
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They don't hold wealth. Just a balance sheet of assets and liabilities.

Those who buy securities have accumulated wealth far in excess of those who buy precious metals because they don't share views such as the one you expressed.

The market in digital assets/currencies is no less fake than the market in gold coloured rocks - it's all created by us.
 
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mmm....shiney! said:
They don't hold wealth. Just a balance sheet of assets and liabilities.

Those who buy securities have accumulated wealth far in excess of those who buy precious metals because they don't share views such as the one you expressed.

The market in digital assets/currencies is no less fake than the market in gold coloured rocks - it's all created by us.
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Heck yeah it's all real enough anyway. Hurts just the same losing anything digital or physical.
Good news is everything is up and it's a big ole bubble party to the moon!

Most Americans don't own any meaningful amount of securities, the rich own most of that and they are doing well.
If you can get around the taxes it would be worth it and the rich can afford lawyers but I'm just a guy haha.
They can afford to be bagholders for a decade but I can't, ill stick with metals and stay safe and riskless.

As far as outperforming other asset classes, that's usually what things tend to do when they are high in a bubble and other assets aren't in a bubble at all.
Its just market physics and not everything is identical and can move totally separate from each other.

Edit: by "securities" i took it to mean you were talking mostly about stock market type investments.
 
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The good news here is gold breaking $2700 and silver back above $32! Whoohoo Kamaltoe must have opened her pie hole again or Jerome got caught taking Jello shots from Yellens belleybutton?
 
Its all inflation.
Anyway we will see how the performance goes over this next winter and beyond.

My question is will gold once again recover the fastest afterwards from a shallow drop compared to other assets in the next crash like usual?
Will be interesting to see how things go for the old gold coloured rock but as for now it's a guaranteed win with the current policies of a trillion here a trillion there trillions trillions everywhere.
Sounds like Trumpty Dumpty could have a new campaign song.
 
I wonder if there will be a gold/silver "Friday night smackdown" this week? it's shaping up to be a very promising close for a very promising week indeed.
 
^^^
doubt it…Israel has commented that they keep bombing Hama so-called ‘hideouts’….wherever that is….Benji believes that he wants to go out from his position in history….being known as the lead of the bombing era…surpass Putin, perhaps?!
 
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