Re: Gold’s near future

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  • Fri, Apr 17, 2009 - 01:51am

    #232
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Gold’s near future

[quote=titanic]The only reason to pay attention to the DOLLAR price of Gold is to use those worthless pieces of sht to be able to buy more as the paper price goes down.  .[/quote]

I don’t know why people think the dollar price of gold is irrelevant.  To the extent you have debts demonomiated in dollars the price is highly relevant.  To the extent you want to buy things with dollars the price is highly relevant.  Until we are actually using gold as a medium of exchange, the dollar price is highly relevant.