View Single Post
Old 06-15-2011, 09:29 AM  
wig
Confirmed User
 
wig's Avatar
 
Join Date: Feb 2002
Location: Panama
Posts: 708
Quote:
Originally Posted by u-Bob View Post
Well, the value of gold hasn't really gone up over the last 50 years. It's the value of the goods (the USD, EUR,...) you are expressing the price of gold in that is going down. So, while speculation can be blamed for the small fluctuations in price, there is no intrinsic danger to the value of gold going down (crashing). If this whole thing should teach us one thing it is that the USD is crashing.

Isn't the price of gold going up against a lot of other currencies as well?


.
__________________
Credit Card and ACH Processing
wig is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote