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re: Beginning of the End of U.S. Dollar Hegemony
Posted on 7/17/14 at 3:43 pm to BennyAndTheInkJets
Posted on 7/17/14 at 3:43 pm to BennyAndTheInkJets
quote:
By the way, you do know this fund is denominated is US dollars, right?
So what?
The recent Russo-Sino gas deal wasn't in U.S. dollars and the Chinese, Russians and Indians are buying as much gold as they can get their hands on. Speaking of precious metals tell me how the repatriation of the German's bullion from the Federal Reserve Bank back to Deutsche Bundesbank is going.
Posted on 7/17/14 at 3:46 pm to Swampeast
quote:
By the way, you do know this fund is denominated is US dollars, right?
So what?
Here's your answer....
quote:
Beginning of the End of U.S. Dollar Hegemony
Posted on 7/17/14 at 4:09 pm to Swampeast
quote:
The recent Russo-Sino gas deal wasn't in U.S. dollars and the Chinese, Russians and Indians are buying as much gold as they can get their hands on.
My response as well.. so what?
US dollars are still far and away the primary currency used for trade and financial transactions (euro/yuan not anywhere remotely close). The dollar has been the most stable in its history following the crisis, even China has been increasing their buying of longer dated US notes and bonds because even they admit "there isn't a market deeper and more liquid in the world". The dollar doomers really need to do their homework before they declare an imminent end to the dollar's reserve currency status.
I bet you think the dollar has weakened since the beginning of QE, huh?
quote:
Speaking of precious metals tell me how the repatriation of the German's bullion from the Federal Reserve Bank back to Deutsche Bundesbank is going.
Same as it was before the made they original annoucement and exactly like it was after the decided to nix the transfer... irrelevant. Completly and utterly irrelevant to the global financial system.
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