[delta7]

The USD used to be the prettiest pig in the pig pen, times a changing….

The King? Not electrons on a screen, not paper currencies, not property, not bloated equities, but Gold, as it has been for 5,000 years.

Up 43 percent YOY, 92 percent in five years. Gold is and always has been Wealth….

www.goldprice.org

[C210N]

The intrinsic value of a dollar is zero.

The intrinsic value of 1 ounce of gold is 1 ounce.

In times of financial change, money and its derivatives return to their inherent intrinsic values.

Gold is NOT rising in value, it is maintaining it. Dollar is losing its value, reflected in the price of gold in dollars.

[tcox4575]

I understand that gold is a store of value. But there are two things I don’t understand:

- when and how does anyone extract that value into something meaningful. You can’t eat it.

- why is the message to buy gold always coming from people selling gold?

[Tell It Right]

The US dollar relative to other currencies, as shown in the DXY ticker symbol, is currently at 98.45, which is way higher than Obama's 85.30 in Apr 2009 and 81.11 in May 2009. Evidently Trump's handling of the dollar is better than The One's.

[TexasGator]

“The U.S. dollar has declined more than 4% since the start of the year, its biggest drop over this period since 2008.”

Up 25% since 2008.

Essentially the same value as was several decades ago.

[Robert DeLong]

Yet cumbersome at the same time, which why we had paper money that was backed by gold, until it wasn't any longer.

Even with the dollar losing confidence, what paper currency offers more stability confidence?

[whitney69]

“Gold is and always has been Wealth”

So is land, oil, industry...but you can’t eat or drink it. And in the case of gold, you can’t even utilize it for anything other than the appearance of wealth. If I have a large fish, and you’re starving, but I keep it in the freezer because I can’t thaw it, then how long before you and I die of starvation?

wy69

[Georgia Girl 2]

That’s why we have all our money in real estate and precious metal.

[simpson96]

The key word in the title is “having”.

By year’s end, it won’t end up that way. It may well end up a great year for the dollar.

[SteveH]

questions

1 if physical gold is at a relatively constant value, and the USD is declining in value by contrast with physical gold, then why are USA real estate prices not increasing in proportion to the price of physical gold?

2 same question for USA stocks

3 same question for physical silver

[Dr. Franklin]

A strong dollar benefits imports and those who want to take a foreign vacation.
A weak dollar favors exports and tourists from other countries visiting the U.S.