Thanks for the question, Karen. I think buying gold is generally a good idea regardless of the passport you hold—at all times. It’s simply the best insurance against all sorts of mayhem. But specifically to your question… If the U.S. actively devalues the dollar, gold should rise in all currencies simply because it’s priced globally in USD. And with that, we’ve come full circle—hold gold no matter where you live. Hope this helps.
Thanks Lau. I do like gold as an insurance. Doug has taught me well as a subscriber of over 10 years. Thanks Doug!
However on my balance sheet, gold is valued in my local currency. The only way that value is going to increase is if the percentage increase in gold is higher than the devaluation of the US dollar. Is that likely to happen? Am I missing something here?
Another question on a different topic - do you think Quantum computers will signal the end of Bitcoin? My understanding is they now have the know how to keep the quantum computers cool. A significant breakthrough.
Hi Lau. What's your thoughts about buying gold if you are a non US citizens especially when the US dollar is going to be actively devalued?
Thanks for the question, Karen. I think buying gold is generally a good idea regardless of the passport you hold—at all times. It’s simply the best insurance against all sorts of mayhem. But specifically to your question… If the U.S. actively devalues the dollar, gold should rise in all currencies simply because it’s priced globally in USD. And with that, we’ve come full circle—hold gold no matter where you live. Hope this helps.
Thanks Lau. I do like gold as an insurance. Doug has taught me well as a subscriber of over 10 years. Thanks Doug!
However on my balance sheet, gold is valued in my local currency. The only way that value is going to increase is if the percentage increase in gold is higher than the devaluation of the US dollar. Is that likely to happen? Am I missing something here?
Another question on a different topic - do you think Quantum computers will signal the end of Bitcoin? My understanding is they now have the know how to keep the quantum computers cool. A significant breakthrough.