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DOLLAR EXODUS: Investors scooping up "safe haven" assets like gold and bonds as dollar devaluation accelerates
By ethanh // 2024-01-03
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Investors are seeing the writing on the wall concerning the dire future of Federal Reserve Notes (U.S. dollars), which is why they are shifting to "safe haven" assets like gold, bonds and Swiss francs. Panic buying for bonds is off the charts, as is the price of gold as investors gobble up whatever items of value that they believe will protect them from the financial Armageddon that is currently in motion. Over the Channukah and Christmas holidays, the values of nearly every other asset class besides the U.S. dollar increased. The U.S. dollar, meanwhile, dumped in value as investors shed the increasingly worthless paper backed by nothing in favor of assets that are either stable or increasing in value. During the holidays, the Swiss franc saw the second-largest "ultimate safe haven" gains as investors took to piling up that currency over the U.S. dollar. The gains seen in Swiss franc value over the holidays were the strongest against the U.S. dollar since 2010. (Related: In case you missed it, Russia just called on all BRICS member nations to ditch the U.S. dollar in trade arrangements.)

Gold rising, dollar declining

As for gold, the price per ounce, albeit manipulated due to paper trading, soared well above $2,000, closing at a new record high of $2,077.44, or $2,069.40 per troy ounce at an afternoon auction in London. The cryptocurrency Ethereum also saw a major rebound over the holidays as the digital coin saw $29 million in short liquidations in a single day, marking the highest value of short liquidations since early December. Concerning Bitcoin, the original crypto continues to rebound all the way back up above $43,500, as of this writing. Oil prices continue to fall, which is good news for gasoline prices across America. "This level of S&P 500 forward valuation implies a negative real-yield," reported Zero Hedge about all these developments. "[I]s it any wonder that gold and crypto are rallying too?" In the comment section over at the Hedge, one person pointed out that money and the concept of value in general are a moot point if all the productive members of society are being "killed off at the hands of the government." "Is genocide good or bad for my portfolio?" this person asked, making a good point about the fact that assets in a post-apocalyptic world have zero value if there is nobody around to grow food and produce the goods people need to live because many are continuing to die off from Wuhan coronavirus (COVID-19) "vaccines." "They know the USD (U.S. dollar) stranglehold on the world economy is coming to an end so they are furiously printing dollars to prop up the stock market, bail out their failing banks and enriching themselves," wrote another about why he feels the markets are moving as they currently are. "It's like we are about to be in a car crash, the brakes have locked up and we're skidding toward impact." Another wrote that it is a misnomer in and of itself to call the Wall Street casino the "markets" because the entire financial abomination known as the American economy is a fraud through and through. "There is an economic war going on between the Western banking Crime Syndicate (that runs the U.S. Empire) and those actors opposed to the Empire," this person explained. "The Crime Syndicate manipulates everything with its Master Trading Algorithm, and the 'resistance' attempts to bust this programming." "Because these are not markets, there is no point in attempting to attach any geopolitical connections to price movements. This is an independent war." How much longer will the powers that be be able to prop up the failing U.S. dollar? Find out more at Collapse.news. Sources for this article include: ZeroHedge.com NaturalNews.com Reuters.com
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