Collapsed from 120 down to current 70 ot that current took off oil took off so there was that moment and i think we discussed this in an earlier. Cost with the video with the when go dipped in april because of delivery problems on cemex but apart from that oil also basically took off so did copper dock to copper which tells us that. You know the outlook was considerably improved after the fed turned around and said we will print whatever it takes and it was also the day when the dollars trade weighted talked and it hasnt really stopped falling since that so 23rd march i think is the date we should all put in our diaries that was when the world changed and it is so remarkable that any idea that for example gold is had a wonderful run today it is down nearly a 100. 00. Oh thats the end of the run forget it its not things have changed so i do Goldman Sachs but i would be a bit more specific about actually what has happened right well that that was caught up caught on by the Financial Pres
Dollar is days are nearing an end and how they determine that in their reports is that. The gold price so do you see those 2. 00 as being related and are they a little bit too doing gloom and that the u. S. Dollar is ending soon the answer to that is yes they are related but i would put it slightly differently from the way Goldman Sachs describes it there was a day earlier in this year when everything changed it was rather like you know the tide stopped going out and started coming in all from how the port if you stop coming in as a going out and that was the 23rd of march between more or less the beginning of the year and the 23rd of march markets sank the s. And p. Lost a 3rd of its value you had gold was just absolutely knocked down i mean certainly the open interest was not down there the price was a lot more resilient than you would have thought and so there were various things that really were hit i mean even cohen sort of was pretty weak in those in the at that early time but th
Resolving economic problems and at that moment the markets switched from being worried about deflation to suddenly thinking the outlook is inflation the s. And p. Took off and we are where we are now gold and silver took off the gold silver ratio collapsed from 120 down to current 70 ought they call and took off oil took off so there was that moment and i think we discussed this in an earlier. Cost with the video with the when go dipped in april because of delivery problems on cemex but apart from that oil also basically took off so did copper dock to copper which tells us that. You know the outlook was considerably improved after the fed turned around and said we will. Print whatever it takes and it was also the day when the dollars trade weighted talked and it hasnt really stopped falling since that so 23rd of march i think is a date we should all put in our diaries that was when the world changed and it is so reebok couple that any idea that for example gold is had a wonderful run t
His big issue with. Whats going on right now. To interfere in the. Story. We will be back with a full world news. International it is but if youre watching in the u. K. Or. Hi this is max kaiser this is kaiser report summer solution home i guess me just sort of all out there in this series now today recovering the d. Dollar is a should big global ization what comes next with investment manager Lawrence Parr lawrence welcome welcome thanks some actually station for having me appreciate it so far as i guess you know obviously we ended july hitting new all time highs and gold silver is also on a tear its quite a ways from its all time high however and what i want to ask is really how much this economist cover free money when Government Spending knows no limits is is the free money it was never free and we can see that in gold prices free money is so good to keep the system rolling obviously thats why they put it in place. Of course is whats the underlying value of the money. You know that
At the fact that its sort through 2000. 00 do you agree with what Goldman Sachs who is one of the biggest beneficiaries of the can tell you in a fact all of the sort of money system they say that the u. S. Dollar is days are nearing an end and how they determine that in their reports is that. The gold price so do you see those 2. 00 as being related and are they a little bit see you doing gloom and that the u. S. Dollar is ending soon the answer to that is yes they are related but i would put it slightly differently from the way Goldman Sachs describes it there was a day earlier in this year when everything changed it was rather like you know the tide stopped going out and started coming in all from how the part of you stopped coming in as a going out and that was the 23rd of march between more or less the beginning of the year and the 23rd of march markets sank the s. And p. Lost a 3rd of its value you had gold was just absolutely knocked down i mean certainly the open interest was no