INSIGHTS: Why are Gold and the DXY Rising Simultaneously? The Dollar Milkshake
Insights
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Posted 23/10/2024
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173
"Mansa Musa of Mali caused significant inflation in Cairo by distributing vast amounts of gold during his pilgrimage, devaluing it by 20% and destabilizing the economy for over a decade. This event parallels today's risks of overprinting fiat currencies, like the U.S. dollar, which could lead to similar economic disruption. The comparison raises concerns about modern monetary policies and their potential long-term effects.
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