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The Dollar is Getting Absolutely REKT by a Rock
And no, we're not talking about Dwayne Johnson
Look, we need to talk about what's happening to the US dollar right now. It's getting bodied by gold so hard that if you flip a gold chart upside down, it looks like the dollar is having a complete mental breakdown.
The Numbers Don't Lie (Unfortunately)
Here's the tea: Since the 1960s, the dollar has lost 99% of its value against gold. That's not a typo. Your grandpa's dollar could buy 99x more gold than your dollar can today.
But wait, it gets worse:
1970-1980: Dollar lost 90% against gold (thanks, oil crisis)
1999-2011: Dollar lost another 90% against gold (dot-com crash, financial crisis, Europe's debt party)
Basically, every time the world goes to hell, gold moons and the dollar gets sent to the shadow realm.
The Unemployment-Gold Connection That'll Blow Your Mind
Here's a pattern that's more reliable than your ex texting you at 2 AM:
High unemployment = Gold goes brrrr
1970s: Unemployment 3.5% → 10%, Gold went up 20x 🚀
1980s-1999: Unemployment dropped, Gold dumped 📉
2000-2011: Unemployment back up, Gold back to the moon 🌙
It's like clockwork. Economy breaks → People lose jobs → Government prints money → Everyone buys gold because it's the one thing politicians can't photocopy.
Plot Twist: Gold is Mooning BEFORE the Job Market Dies
Here's where it gets spicy. Unemployment is still low at 4.3%, but gold is absolutely sending it. Why?
1. The World is Literally on Fire 🔥 Countries are fighting, trade wars are raging, and central banks from China to Turkey are buying gold like it's the last iPhone on Black Friday. Chinese gold ETFs just hit record inflows because nobody trusts anybody anymore.
2. The Money Printers are Already Warming Up 💰 The US is running deficits that would make a crypto degen blush, and the Fed is already cutting rates. Usually they wait until unemployment spikes to do this stuff. This time they're getting ahead of the curve because consumer confidence is at 2008 levels (yikes).
3. What Happens When the Job Market Actually Breaks? 💥 If you think the money printing is bad now, wait until people actually start losing jobs. The government is gonna fire up those money printers so hard they might catch fire.
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Stocks vs Gold: The Ultimate Showdown
Right now we have a weird situation:
Consumer confidence = Depression-level bad
Stock market = "This is fine" dog in burning room
Something's gotta give. Historically, when confidence is this low, gold outperforms stocks. But stocks are still acting like everything's peachy.
This feels like 2005-2008 all over again. Both stocks and gold went up together... until the job market imploded, stocks face-planted, and gold kept going to Valhalla.
The Bottom Line
Gold isn't just going up because people like shiny things (though let's be honest, it is pretty shiny). It's going up because:
The dollar is losing credibility faster than FTX lost customer funds
The government is spending money like a teenager with their parent's credit card
The global economy is held together with thoughts, prayers, and duct tape
This party is probably just getting started. When unemployment finally breaks and the real money printing begins, gold might make its previous runs look like a gentle jog in the park.
Not financial advice, but maybe don't bet your entire net worth on the dollar right now. Just saying.