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Gold tops $5,000 for first time ever, adding to historic rally

⁨64⁩ ⁨likes⁩

Submitted ⁨⁨5⁩ ⁨days⁩ ago⁩ by ⁨nemeski@mander.xyz⁩ to ⁨globalnews@lemmy.zip⁩

https://www.bbc.com/news/articles/cvgd8kj2y2po

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  • MNByChoice@midwest.social ⁨4⁩ ⁨days⁩ ago

    The USA Dollar is dropping rapidly.

    morningstar.com/…/what-weaker-us-dollar-means-inv…

    Through September, the dollar depreciated 13.5% against the euro, 13.9% against the Swiss franc, and 6.4% against the yen, alongside a 5.6% decline versus a basket of major emerging-markets currencies.

    I don’t have a ready source, but I understand the stock market rally in the USA is only a rally as the dollar is dropping. Priced in other currencies, the USA stock market is down.

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  • Thedogdrinkscoffee@lemmy.ca ⁨4⁩ ⁨days⁩ ago

    The USA is not a place to do business. Get out while you still can. Treasuries, equities and dollars are going to take a pounding from the dipshits who thought American power came from America and not an alliance of like minded countries working together. Now that the alliance is dead, so is much of their power and wealth.

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