Friday, October 31, 2014

Gold and the US Dollar: The Long Term Perspective

Although in recent months the US dollar has been strong and gold weak, this is a very short-term perspective. In the long run, gold far outperforms, the Federal Reserve managed dollar.


(Chart via Gold-Eagle)

2 comments:

  1. U.S. Mint Silver-Coin Sales Jump to 21-Month High

    Sales of American Eagle silver coins by the U.S. Mint jumped 40 percent in October to the highest in 21 months, defying a slump in New York futures to the lowest in more than four years.

    Sales surged to 5.79 million ounces, the most since January 2013, the month that set an all-time high at 7.5 million. Today, sales jumped 33 percent in one of the busiest times this year, Tom Jurkowsky, a spokesman at the Washington-based mint, said in an interview. Last month’s total was 4.14 million.

    Silver and gold futures plunged today to the lowest since 2010 as the dollar rose to a four-year high against a basket of 10 currencies and equities climbed to a record close. The Federal Reserve is weighing the timing of interest-rate increases as other central banks add to stimulus to bolster their economies.

    “We saw demand surge over the past two days,” Michael Kramer, the president of New York-based MTB Inc., a dealer authorized to purchase coins directly from the mint, said in a telephone interview. “Business was almost triple than what it has been over the past few months.”

    http://www.bloomberg.com/news/2014-10-31/u-s-mint-silver-coin-sales-jump-to-21-month-high.html

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  2. So QE. Is over. Is money printing over? Or does it continue through open market operations to keep i at 0 and deficit spending?

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