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

Glenis

Glenis

Member
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?
 
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
 
alor said:
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
Click to expand...

And if I convert to USD then NZD?
 
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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