Now a price of $450/ounce for gold was roughly equate to a 80% decrease in the value of the dollar (now costs me $450 to buy an ounce instead of $288).
Again, I'll call on history, did you check the exchange rates when gold was at last $400? the us dollar was then the strongest currency in the world as it is also today.
I'm not a "gold bug", this whole gold thing started as a Diversification & average down move for me. Just, gold is permanent store of wealth.
Yes, down for a while, then a move above norm for a while, then back to the norm. Just, this time, everything was manipulated lower, so, who knows how much "up" up will be, or where the eventual landing point will be? |
