Bradley
๐ค SpeakerAppearances Over Time
Podcast Appearances
Um, if you've ever gone to a foreign country and, and, uh,
not just buying food or paying for your hotel, buy something.
You go to Italy and you buy a fashionable shirt and you go, wow, in euros, this seems more than what I'd pay for a fashionable shirt in the US.
How much is this in dollars?
Really?
$200 in the U S I could get this shirt for like 150 bucks, 140 bucks, something like this.
There you go.
That's where you can see the value of your currency.
So right now it's expensive for us citizens to go abroad and pay for food lodging and things that you might want to buy.
It is not expensive for,
for people to come here.
So on people come here on the Euro, what's a Euro dollar right now?
Rob, you can do that real quick.
I think it's 80 cents or something.
119 and flip it the other way.
Yeah, 80 cents, 84 cents.
So it's less expensive than to come.
That's what happens.
that's what goes on but what this also means it's less expensive for other countries to buy from us and for us to export to them so that is actually a benefit so you have these benefits going back and forth right now the people that bought invested in gold they're getting a tremendous return and a tremendous paper value until they sell it if they sell it right now they're realizing that value
And right now it's expensive for people with the dollar to go elsewhere or to buy things abroad.