Central banks now know a lot more about
controlling currencies and backing banks.
If huge amounts of money is required
then it will be printed.
I am still shaking my head at the US turnaround.
I was way off target with my analysis
I thought with all the USD being printed
the USD would end up at about 80cents AUD.
To see how well our economy handled the GFC
I cant believe we are now at 70 cents USD.
I have learnt that following the gold chart
is the best way to invest in gold stocks.
Not worrying about economic data.
Cheers
Central banks now know a lot more about controlling currencies...
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