Does The Biden Administration Want To Damage The Dollar? One Of Biden's Economic Advisors Wants To See King Dollar Dethroned
Portfolio Pulse from David Pinsen
The article discusses the potential impact of the Biden administration's policies on the U.S. dollar, including the seizure of Russian assets and the broader implications of de-dollarization. It highlights China's record sell-off of U.S. Treasury bonds and Vladimir Putin's comments on the inevitable shift away from dollar settlements. The article also touches on the potential for reindustrialization in the U.S. and suggests gold as a hedge against the dollar's decline, mentioning specific gold-related investments.
May 20, 2024 | 3:23 pm
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POSITIVE IMPACT
The VanEck Gold Miners ETF (GDX) is mentioned as an alternative investment for those looking to hedge against the dollar's decline.
GDX is mentioned as an alternative to GLD for those looking to hedge against the dollar's decline. This could lead to increased interest and investment in GDX.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The SPDR Gold Trust ETF (GLD) is mentioned as a potential hedge against the decline of the U.S. dollar.
As the article discusses the potential decline of the U.S. dollar, gold is highlighted as a hedge. GLD, being a major gold ETF, is likely to see increased interest and investment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Orla Mining Ltd. (ORLA) is highlighted as a smaller gold miner that has performed well year-to-date and is suggested as an investment option.
ORLA is highlighted as a smaller gold miner that has performed well and is suggested as an investment option. This could lead to increased interest and investment in ORLA.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50