Kookaburracollector

Two Peruvian Una Libras for under £600!😃👍

Couple of bars from ChrisG
 

Two Peruvian Una Libras for under £600!😃👍

The US has positive interest rates and bonds with positive rates. They aren't positive in real terms - inflation is really 10% but the controlled media, government and the banks pretend otherwise.
There are many negative yielding bonds and accounts - this makes the USD more attractive. 
There is also a massive amount of USD denominated debt in the world. Huge amounts created outside the US banking system, in the Eurodollar system. As the Fed increased interest rates this increased the payments on this massive amount of debt which in turn increased demand for the USD. On one hand a large proportion of the world is de-dollarising but the attachment of many countries to the dollar is not the flick of a switch b/c there are still these USD denominated loan repayments. So as the world drifts away from the trade dollar, the Eurodollar debt repayments pull it back. If on balance there is a positive demand for the dollar the price of the dollar rises. 
Trump may make noises about the strength of the USD but does he know what he is talking about or is he just making noises? A high dollar means there is demand for the dollar. The US consumer funny money economy relies on demand for the dollar. The US creates paper out of thin air and exchanges it for real goods. A weak dollar would mean more dollars were needed buy the goods, would mean even high interest rates needed to prop up the dollar and ultimately a weak dollar means the world isn't taking dollars - the US living is creating USD or else the USD system crashes. The US has invaded countries and killed the leaders for not selling their oil in dollars. 

The demand for US Treasuries is very low - foreigners don't want them. This in part is what is causing the Repo crisis. US banks are having to buy up what would be failed Treasury auctions which is drawing down dollar liquidity so there is a greater need for liquidity by the banks and at the same time less interbank liquidity, so the Repo rate goes up reflecting its scarcity. The Fed has to step in to hose in the dollar liquidity to keep the ship afloat. 

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

A couple more coins (Perú Una Libras) to add to the collection. I hadn’t intended getting ‘spares’, but at spot +6% how could I refuse. Both look to be MS, and will be heading over the pond for grading some time later this year.
Bought from an emporium in Oxfordshire...


 

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

Two Peruvian Una Libras for under £600!😃👍

New Arrivals, 1 Ouncers From @ChrisG Thank You  

Last order from 2019 arrived today...
 

Got 10 francs to start a year

A few pick ups this week on the 20 Francs front...and at last I have had delivered an 1879 Barred Anchor...the last one I bought ended up in West Africa never to be seen again!!
Nice to compare the two 1879’s now I have both.
Below is the standard Anchor...a bit like a round blob on the end if you ask me!

The one acquired today has two distinct bars on the end...

I have no idea if one is rarer than the other...if you do..please let me know.
Just a shame the 1887 I also obtained today has a hairline next to the ‘A’...otherwise it would have been my best condition Angel by far.


Also makes you aware of how buying online can lead to disappointment..A seller could easily use the 2nd photo and not the first!
 
 

You are a living legend @augur