Are investors ready for the ‘Doomsday Dollar’ scenario?
“According to his [AG Bisset’s Ulf Lindahl] calculations, which track currency movements from the early 1970s onwards, we began a new cycle in January 2017, and despite the dollar’s strength since April 2018, that cycle is still intact. If the thesis holds, the dollar is poised to fall against the euro and yen over the next few years, and by as much as 50 to 60 per cent.”
USAGOLD note: Another interesting opinion piece from FT’s Rana Foorahar . . . Needless to say, a 50% to 60% decline in the dollar would have major repercussions in all financial markets including gold and silver. “Some savvy investors,” she writes, “already see the writing on the wall and have moved into gold. I would expect other commodities to rise, too.”