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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mark Adams who wrote (264760)10/26/2003 7:19:25 PM
From: Tommaso  Read Replies (1) of 436258
 
Prices of commodities should simply rise in dollar terms as the dollar drops. Unless for some reason world demand drops for any given commodity. Oil may be officially priced in US dollars but a drop of the dollar against most other currencies won't stifle demand in those countries that go on paying the same in euros, yen, etc.

I guess it's not really that perfectly simple but if your measuring stick shrinks your measurement is greater for the same amount of a commodity.
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