Fitz, and a plus for the economy. What many do no
Post# of 98044
Fitz, and a plus for the economy.
What many do not understand about gold is the incline in gold prices indicates a weaker dollar value and a decline indicates a stronger dollar value.
If Romney strengthens the dollar value, there is no doubt the spot price for gold will drop. That is something I can live with and have dumped my gold already.
What many do not know is the value of gold hasn't changed in over 100 years as to how much of an amount of any commodity you can purchase with a single amount of gold. You can still still buy the same exact amount of grain with gold that you could over a 100 years ago. Exactly the same.
When the economy is strong and gold price is down, you can buy more of anything for the dollar and likewise less for the dollar when the gold price is up. But it is still the same exact amount in gold value.