Ive recently got into purchasing silver.. and Ive noticed that lately gold and silver have been getting cheaper meaning the buying power of the dollar is getting stronger. So I am wondering what is going on in the world that is increasing the strength of the US dollar?
Oil is rebounding after the Saudis sabotaged the market last year. Russia failing economically.. IMF losing power and sway. You name it man. The world is working in the dollars favor currently. Shit changes fast but yeah.
Pretty sure Russia and China are hoarding gold for a currency switch which would bring down the dollar for good.. supposedly.
Ya Russia and China are making there own bank to compete with the IMF. It's a bunch of shitter states that have signed on besides russia and China . IMO it's just gunna further destroy there own economies. Obviously the dollar will take a hit but relatively speaking we'll be fine.
While I do hope you are correct (only for the sake of 'stability' in life) but many people see the collapse of the dollar as a possibility.
Well I hope it continues to grow stronger over the next week or so, I plan on buying more silver next Friday.
Its all manipulating economic policy's....I wouldn't trust that the dollar getting is really stronger. if it is fake, it's not going to last. Manipulating things is fake and the economy will only end up correcting itself eventually Also i didn't hear the whole story onnthe news but they were talking about the fed rising interest rates??? And this is a reason of the strengthening dollar...good luck with your silver investing I hope it works out for you and read as much as you can about that stuff and have an exit strategy so you can take the next step
Keep getting stronger Ben! 'Merica! Srsly tho if the dollar collapses I'm fucked. my structured settlement pays out over the next 23 years and a lot can change in that time
Just buy gold and silver when the price is cheap. And sell it again when the price is expensive haha bussiness
Marajuana Is slowly becoming legal throughout the country. I would not be surprised if that had a little to do with it. And the value of a dollar drives commodities. I was a precious metals dealer and I to invest in silver. The value of the dollar driven by the circulation of the dollar. The more people spend, the more money is in circulation and the more value the dollar holds.