Bill Rhodes Quotes
You can sort of think of it as a tide going out. Gold isn't affected by the tide, because it isn't a fiat currency. So when the value of currencies drops, it emerges as a big rock.
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The rule of thumb is fairly simple. If the market believes the cost of conflict is going to rise in terms of blood and treasure, it's going to discount that and sell off. If it believes the cost of conflict is going to fall, the market is going to discount that and rise. It's really that simple.
- Bill Rhodes
