Spot Gold Price & The Dollar
gold nugget specimen
Gold is actually keyed to the dollar–on the inverse. No fancy calculations. True that sometimes they briefly run together, but on the whole, gold runs inversely to the dollar. I like energy/oil in the long run, but perception is everything, and oil is perceived right now to be in oversupply with economic factors tamping down demand (might not REALLY be the case). At any rate, with oil under $70 or at least under $80, gold and other metal producers will benefit. Gold is now on the upswing and (with the usual variations) will break out over the summer being in a third wave UP.
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This is my first time i visit here. I too would much rather own gold vs the dollar!
Gold strength would undermine the power of the international banking system. They will go to great risk and expense to suppress gold rallies.
Copper
I grew up in Argentina in the 60′s, 70′s, 80′s–and for me it’s easy to see the writing on the wall (of course I’ve read it once before, albeit in Spanish). The U.S. Dollar is now in its LAST DAYS as it enters into the spiral of hyperinflation/maxidevaluation. In a matter of 2-3 years, if the dollar even still exists, you’ll be lucky to buy a decent meal for $10,000. The price of gold, in nominal terms, may be in the hundreds of thousands or even millions.
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