The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: The Wharf who wrote (9152)	6/20/2008 12:44:27 PM
From: RockyBalboa	Read Replies (1) of 71406

Long term yes only if the increased costs in gold producing countries sees no relative "deflation". The cost effect through a currency apprechation can be subpar. Meaning: if the USD devalues against the currency from 1 to 0.5 then inflation in the country might be below relative to the inflation in the US. So, the cost of gold production will not rise proportionally. This also explains why an area with a large gains in its currency (e.g. EUR) may stay competitive for a longer time period.

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