Tom M.'s Name
π€ SpeakerAppearances Over Time
Podcast Appearances
So I think whenever you see precious metal goes up, it means that there is more faith and more demand for the precious metal as an investment than the U.S.
dollar.
But with the U.S.
dollar being cheap, it means it's very expensive for I'll tell you the best way to look at it.
If you've ever gone to a foreign country and and.
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 U.S.
citizens to go abroad and pay for food, lodging, and things that you might want to buy.
It is not expensive for people to come here.
So people come here on the euro.
What's a euro to the dollar right now?
Rob, you can do that real quick.