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Seeking Alpha/Doug Eberhardt/3-3-2020
“[T]he whole world is clamoring for insurance and this dip in gold here may be your last chance to buy it at a decent price. I prefer to get the stock market up one last time and then an even more severe unwinding could occur than what we just experienced, technically from coronavirus fears which have brought some of the world to a halt, especially on the travel side of the equation. But for gold, we see it as the asset of choice at the bottom of Exter’s Pyramid because it is perceived of value.”
USAGOLD note: This article digs deeply into some verities and relationships regarding the currency markets of which very people – even sophisticated investors – are aware. It is a good read for those seeking a deeper understanding of the relationship between gold and the dollar on one hand and the dollar and other major currencies on the other.
Chart courtesy of Visual Capitalist