Q: Hi,
Can you explain the drop in the USD yesterday? Seems like a larger than normal move and certainly of a size that makes one sit up an notice in a portfolio with USD holdings. Would you advise exchanging USD back to Cdn dollars at this time? Assume this is cash and not specific holdings.
Thanks!
Can you explain the drop in the USD yesterday? Seems like a larger than normal move and certainly of a size that makes one sit up an notice in a portfolio with USD holdings. Would you advise exchanging USD back to Cdn dollars at this time? Assume this is cash and not specific holdings.
Thanks!
Q: Hi, I - along with many other Canadians I'm sure, have been watching the USD climb. It looks to be heading back up to test the recent all time highs, and I am wondering if you could shed light on how the value of the USD will affect the market. As well as if there is a tipping point, at which the value also starts to hurt the US economy, etc. My limited understanding is that if the USD climbs, stocks go down. Your thoughts on this would be appreciated! Thanks!
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Grayscale Bitcoin Trust (GBTC)
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Sprott Physical Gold Trust Unit (PHYS)
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Invesco DB US Dollar Index Bullish Fund (UUP)
Q: Is buying PHYS a low risk proxy to owning physical gold since it actually holds the gold?
Is buying UUP a low risk proxy for buysing US$ or could there be unexpected volatility of the ETF ouside of dollar fluxuations?
Likewise for GBTC for Bitcoin?
It like to get a close to buying US$, Gold, and a bit of Bitcoin but without having to physically obtain - have I chosen approapriate vehicles for this or could I get blindsided?
Is buying UUP a low risk proxy for buysing US$ or could there be unexpected volatility of the ETF ouside of dollar fluxuations?
Likewise for GBTC for Bitcoin?
It like to get a close to buying US$, Gold, and a bit of Bitcoin but without having to physically obtain - have I chosen approapriate vehicles for this or could I get blindsided?