posted on Nov, 3 2009 @ 08:21 PM
reply to post by dooper
43% gain isn't bad, though I question a 57% depreciation in the dollar since gold was at 740, as gold only dipped back into the mid-700s only last
Mind you, the dollar has lost something like 97% of its value/purchasing power since its inception. Like every one of the thousands of fiat currencies
before it, the dollar is doomed to fail. It's almost a natural law - every single fiat currency eventually fails, judging by history, and the dollar
seems to be on its last legs.
I am surprised more people don't understand the role and value of gold - it had a nice pop today/last night - signs of things to come I reckon.
So much for philsgang.com's 'rally you are not supposed to know about' in the dollar, along with the massive deleveraging and decline in the price
of precious metals.