Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 136.00

+6.2%

Jan 20 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Enigma who wrote (53401)	5/31/2000 12:35:00 PM
From: Zardoz	Read Replies (2) of 116896

but surely if gold is denominated in US$, and the $US falls gold will rise - other things being equal. As you said, "Ah, yes, you'll say, but other things aren't equal". It is possible for a currency to go down relative to a group of 6 others currencies {AKA the US Dollar drops} But up against a larger 150 baskets of currencies. As people say: Gold is the ultimate store of value. Then as such: Gold has no growth. And since it has no growth other currencies can appreciate and depreciate in relation to gold based on inflation, rates, GDP etc. What you've witness in the last year is a US Dollar index climb. This is the US dollar against a basket of currencies, BUT this does not mean that the same basket of currencies hasn't appreciated against other currencies; like the Rand. Hutch

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next