Post
Topic
Board Economics
Re: A huge storm is coming
by
johnyj
on 16/01/2015, 06:48:12 UTC
No illusions here. Facts are we went off the gold standard in '71 nobody is preventing anyone from using/obtaining gold but I would say the dollar is more stable it is why we we say x amount of gold is worth 1xxxUSD and not 1000au.

Dollar is over-produced together with those over-produced goods and services so that you feel the dollar price of everything is stable

By the way, dollar has fallen 15% against swiss franc and 20% against bitcoin today, all the valuation is relative