About smaulgld

smaulgld


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Registered Jun 22, 2013

I run Smaulgld.com where I publish commentary on real estate and economics. A subscription to Smaulgld.com is free.

smaulgld's most recent comments:

  • On 31 Aug 2014 in On the other hand..., smaulgld said:

    Stocks can rise higher and longer than the experts predict
    The author's, however, rationale makes no sense
    Other stories on zero hedge make it clear
    Artificially low rates, sovereign fund, central bank and the companies themselves are the majority of buyers
    The retail investor is largely irrelevant
    The bubble pops when the artificial support is removed

  • On 31 Aug 2014 in On the other hand..., smaulgld said:

    That was pretty incoherent

  • On 31 Aug 2014 in Russia to Sell Oil for Rubles and Yuan, smaulgld said:

    Strategist says

    smaulgld says

    The dollar is the world's reserve currency by the international Bretton Woods agreements of 1944. The dollar was selected because the US was the dominant economic and military power and the dollar would be redeemable in gold by any country that wished.

    You can buy all the gold you want with the dollars in your pocket. So in a sense the dollar is convertible to gold.

    Correct and when countries do that they are dumping dollars and converting their reserves out of the dollar
    from 1933-1971 the price of gold was fixed at $35!
    So it made sense that countries were redeeming their dollars for gold and that nixon finally said enough!

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