Thread: OMFG!! Do you have alot of assets in dollars?
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Old 10-06-2008, 08:17 PM  
dav3
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Quote:
Originally Posted by Spudstr View Post
Yes, clearly that is why there is a such a tight correlation between the USD and gold and oil.
Quote:
The gold standard is not currently used by any government, having been replaced completely by fiat currency, and private currencies backed by gold are rare.

http://en.wikipedia.org/wiki/Gold_standard
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