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by raphael119
created Jul 2021
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Last Commented: Jul 2021
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Comments (8)
US$1,808.50 gold per ounce
US$1 v Ruble = R74.15
1 US Dollar to Russian Ruble stats
Last 30 Days Last 90 Days
High 74.729 77.318
Low 72.005 71.773
Average 73.003 73.840
Volatility 0.40% 0.46%
US$ v Yuan = Y6.47
1 US Dollar to Chinese Yuan Renminbi stats
Last 30 Days Last 90 Days
High 6.4900 6.5483
Low 6.3978 6.3676
Average 6.4537 6.4494
Volatility 0.19% 0.16%
The US$ is sliding against both the Ruble and the Yuan yet the US$ value gives an appearance of increased value if we look at US$ gold price.
However the increase quoted in US$ is actually (I think) showing takes more US$'s to purchase an oz of gold.
When you consider Canada has dumped all its gold holdings and Russia just dumped US$186 billion from its National Wealth Fund onto the market be very complicated to determine when the US$ will crash.
It might not however the majority of nations wont be transacting trade settlement in US$ any more, its confusing to quote dollar values that are forcing prices of goods and services up instead of creating stability
I was worried about reverse repo and the banking system.