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To: Beagle8U
Since currencies (supposedly) move independently of each other the price of gold varies according to your local currency.

The US dollar is very strong and gold is flat against that currency. Against the Yen, the Pound, the CDN$ gold is up this year.

The Yen will soon be worthless so the price of gold in that currency will spike to infinity. Neither the Pound nor the Yen will replace the US dollar as a reserve currency.

19 posted on 12/30/2014 12:12:55 PM PST by Former Proud Canadian (Gold and Silver are Real Money, Accept No Substitutes)
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To: Former Proud Canadian

The fact remains that the value of gold is and always will be manipulated just like stocks.

Very few people will ever have any practical use for physical gold, and it’s value beyond that is no greater than dollars or stocks.


30 posted on 12/30/2014 12:32:51 PM PST by Beagle8U (If illegal aliens are undocumented immigrants, then shoplifters are undocumented customers.)
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