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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (122552)7/9/2008 5:57:58 PM
From: Proud Deplorable  Read Replies (1) of 313394
 
"Don't forget Gold is priced in USA dollars so USA dollar you say is worth nothing well your pot of Gold is worth nothing too"

really?

Gold is only priced in US dollars for the convenience of US citizens

Gold is priced in all currencies. If you are living in India you couldn't care less what the USD price is as you don't trade it in USD

If the USD went to nothing like Zimbabwe gold would be worth tens of thousands of billions of USD

Question....the citizens of Zimbabwe who bought gold 5 years ago at 5000 ZMB oz and who now have to pay billions and billions of Z-dollars, have they seen the value of their gold go to zero? If you were a person like this would you throw your gold away because it is worthless?

Sometimes you come up with the strangest things. This comment is so strange I don't really know how to handle it.

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