www.armstrongeconomics.com
QUESTION:
Hello Mr Armstrong. I read your blog daily, and i can t say thank you enough.
on interest rate, you say market rallied when they got the rumors of
roosevelt devaluating the dollar creating a currency inflation. am i
wrong when i understand they feared losing money so they bought tangible
assets?
best regards from France
M
ANSWER:
Correct. Tangible assets are always the hedge against a decline in the
currency. This is why gold has been rising more so in other currencies
than US dollars.
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