Assets v Currency

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.

M

Latest Posts

Market Talk – April 24, 2024

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 907.92 points or 2.42% to 38,460.08 Shanghai increased 22.84 points or 0.76% to 3,044.82 Hang [...]
Read more

The World’s Most Censored Democracy

?#Breaking A bishop and several worshippers have been attacked in another mass stabbing in Wakeley, Sydney Australia https://t.co/U1TMjIXqKE — Javeria Sultan (@javeria_sultan1) April 15, 2024 Australia is rapidly becoming the [...]
Read more

Banks Wage War on Gun Ownership

The government has successfully weaponized the banks against the people. Major banks are voluntarily sharing customers’ private transactions with the federal government “as part of a wildly overbroad financial surveillance [...]
Read more