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Wednesday, 07/31/2024 3:53:51 PM

Wednesday, July 31, 2024 3:53:51 PM

Post# of 113654
Macro gold is bullish. There are pros and cons to the weak dollar. It is inflationary in general for US citizens, but also allows foreign countries to buy more American made products.
Adding import duties though has a balancing effect with immediate cash inflows that helps with the balance of payments and drawing down the debt. In addition, foreign investment in our treasuries increases when foreign currencies improve and with interests yields on those bills and bonds at higher levels are so attractive.
Now if there is any economic or war/chaos the price of gold and cryptos will continue rising Only God knows how high.
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