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Foreign exchange transaction mt4 MT5: the dollar fell, and gold avoided suspicion

发布时间：2022-08-25 浏览：126

On June 26, John Kaiser, founder of Kaiser research online, said at the PDAC 2022 conference held in Toronto that as the dollar loses its status as the world's reserve currency, the price of gold will rise.

He said that some parts of the world will not trade in dollars, which will break the hegemony of the dollar. This will not happen overnight. It will take a transition time, which will lead to the rise of gold prices.

He pointed out that with the rise of global political uncertainty, currencies, including the US dollar, will become unstable, and gold is a safe haven. He even believes that the only secure mobile asset commodity is physical gold, not cryptocurrencies or other similar varieties.

John Kaiser added that gold is "stored energy" and cryptocurrency is "energy debt" because "someone needs to consume electricity to maintain all these blockchain transactions". He further explained that when there was chaos in the financial market, investing in gold was an insurance policy.

He explained, "you can easily allocate cash to buy assets whose value suddenly shrinks, and you must first sell gold to get cash. That's why gold is an asset class. It's not real money."