With inflation continuing to erode the purchasing power of the dollar and both gold and Bitcoin hitting all-time highs this month, there’s been increasing interest in the concept of what constitutes a store of value. Michael Gayed has asserted that a store of value can’t have tail risk. That means if an asset can have … Read more
This post originally appeared on April 24, 2023. Introduction: DKI has been writing about the danger to the dollar as the world’s reserve currency for over a year and on more than a dozen occasions. From a piece we published earlier this month: Most notably, I gave an hour-long lecture at the Institute for World … Read more
We have warned, and warned and warned that the design of the anti-Russian sanctions are impairing the value of the dollar as the world’s reserve currency. In particular, we have been concerned about the status of the petrodollar. The US made a deal with Saudi Arabia in the 1970s where in exchange for the US … Read more
Overview: For the first time in almost 20 years, you can buy a euro for one dollar. As little as a year ago, a Euro cost about $1.19. In foreign exchange markets, that’s a huge move in a year. Here’s the chart: We first wrote about the stronger dollar vs other currencies two months ago, … Read more
Hi All, I’ll be speaking with Invested.dk about oil, gold, currency, and portfolio hedging on Tuesday, June 28th at 2pm Eastern time. If you’d like to listen in, you can register here: https://attendee.gotowebinar.com/register/6123050936335466510 . Thanks to Invested.dk. Looking forward to the conversation!
