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Financial Times/Chloe Cornish/6-12-2020
“The Lebanese pound, which has officially been pegged at L£1,500 to the dollar for two decades, fell to L£6,000 to the dollar on the parallel market on Thursday. Local media reported prices as low as L£7,000 to the dollar in some places, amid panicked trading. The pound started the week at L£4,000 to the dollar, falling 50 percent on the parallel market in four days.”
USAGOLD note: The time to buy gold and silver is before, not after, the fact ……
Repost from 6-15-2020