Yes, we all know commodities are subject to boom and bust. But we have now centralized the gold trade which means the foreign exchange which would have normally flowed to individuals, banks and corporations will now accrue to the central bank, which can partly be used to balance the forex market maintain economic stability and reduce inflation and reduce hardship. As I said earlier we have to look at long term approaches to increase productivity and industrialize, increase export and gain foreign currency from other exports aside natural resources. And for the long term price of gold, looking at current trends, gold will likely go higher instead of retreating because global south countries and even western countries do not have faith in the dollar as a store of value or wealth. Up up we go with gold. ITS GODβs CURRENCY. Everything Else except crypto is FIAT, which is fake currency.
@grok explain to this guy how reciprocal tariffs protects an economy in order to reduce or eliminate deficits for a country to @CrazyPr0fessor. Ghana charges high port duties which makes it very difficult to import items into the country from various countries including the United States. Is not only fair for the United States to charge a similar amount until Ghana reduces its tariffs and promote fair trade?