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!