As the Dollar Continues to Fall, Banks Scoop Up More Gold

Jun 21, 2024 · 11m 39s
As the Dollar Continues to Fall, Banks Scoop Up More Gold
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The market numbers might look great on the surface, but much of the inflated value is coming from a dollar the U.S. government has been devaluiing by excessivly printing more...

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The market numbers might look great on the surface, but much of the inflated value is coming from a dollar the U.S. government has been devaluiing by excessivly printing more currency as spending increases. Bank executives know this, that's why they are scooping up gold. The precious metal has been rising in value; could it go higher if this trend keeps up? Swiss America CEO Dean Heskin and Chris Agalestos examine what's happening and why banks are taking in increasing amounts of gold on The Secret War on Cash

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Artcles referred to in this podcast:
https://uk.investing.com/analysis/gold-bull-trend-likely-to-resume-this-week--watch-out-for-breakout-above-2365-200609527
https://www.morningstar.com/news/dow-jones/202406181282/central-banks-expect-to-snap-up-more-gold-this-year-amid-dollar-pessimism
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