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Wealthy bloke
ยท
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Bullish$TRUMP
๐๐ธ TRUMP IS OKAY WITH A WEAK DOLLAR ๐ธ
So, part of the move in precious metals has likely been a rotation, or diversification, by central banks/funds out of the USD ๐ค
The DXY, or dollar index, hit its lowest level this year at $95.80. For context, it was at $109 before Trump came into office. It's now down 11% over the past year โฉ๏ธ
Why does this matter? ๐
โ๏ธ When the dollar weakens, U.S. goods become cheaper for foreign buyers. That means more exports, more demand, more jobs which helps big exporters, manufacturers, and multinationals. This is EXACTLY what Trump wants to decrease the trade deficit โฌ๏ธ
$WLD
๐ค When the dollar falls, it takes more dollars to buy the same ounce of a commodity, increasing the value of a hard asset. Investors usually run to gold/silver as a store of value when fiat weakens and boy is fiat USD weakening. Bullish โ๏ธ xag and paxg โฉ๏ธ
๐ธ Warning ๐ธ I do not provide financial advice ๐The intent of this content is for you to be aware of market conditions before starting to invest ๐Thank you for reading ๐
#USIranStandoff
๐๐ธ TRUMP IS OKAY WITH A WEAK DOLLAR ๐ธ
So, part of the move in precious metals has likely been a rotation, or diversification, by central banks/funds out of the USD ๐ค
The DXY, or dollar index, hit its lowest level this year at $95.80. For context, it was at $109 before Trump came into office. It's now down 11% over the past year โฉ๏ธ
Why does this matter? ๐
โ๏ธ When the dollar weakens, U.S. goods become cheaper for foreign buyers. That means more exports, more demand, more jobs which helps big exporters, manufacturers, and multinationals. This is EXACTLY what Trump wants to decrease the trade deficit โฌ๏ธ
$WLD
๐ค When the dollar falls, it takes more dollars to buy the same ounce of a commodity, increasing the value of a hard asset. Investors usually run to gold/silver as a store of value when fiat weakens and boy is fiat USD weakening. Bullish โ๏ธ xag and paxg โฉ๏ธ
๐ธ Warning ๐ธ I do not provide financial advice ๐The intent of this content is for you to be aware of market conditions before starting to invest ๐Thank you for reading ๐
#USIranStandoff
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