Registered: Jun 2011
08-02-12 06:55 PM
well murray, if USD goes down 50% your gold will go up 50%, but what does that mean? you can now sell your gold and buy twice as many dollars that are worth 50% less.
Quote from murray t turtle:
Currencies can trend ,like any market;
up trend ,
sideways trend [aka range],
down trend .[downtrend is not necessarily collapse at all]
Collapse of USD is the least likely scenerio;
even if USA was so stupid to elect more socialists.Especially when many now see even what 3.5 years of one socialist can destroy...
Not sure what'' gold only in USD means''. most any currency can buy gold. I do price it in $,$$$ myself
Now I will grant you if you want to trade your gold for beans, it may or may not buy more than it would have before the collapse.
I agree, collapse is a pretty drastic word. But if they are going to all go down together, something else must go up, and most likely that would be gold.
I don't know how they would measure everything moving together. The pairs would all just be sitting there.
USD goes down against JPY which goes down against EUR which goes down against GBP and GBP goes down against USD, and we are right back where we started.