Loading ...Your comment lol that they will revalue gold at those prices. The dollar is no longer backed by gold so there is no helping the dollar either way. There is no reason to revalue it. Gold is running rouge now on its own due to as Armstrong would say lack of confidence. If they work on deflation they will bring the dollar up and that’s why they’re hesitating. Inflation numbers were low so they had no motivation to raise rates. Deflation appears to be working by itself. Plus they probably don’t want to give Trump more ammo than he already has before debates and the election. Inflation may cause deflation but deflation also causes infkation at some point. People start getting greedy. Inflation from 1913 to now has risen some 2330 something percent but if the dollar was backed by gold at these numbers gold would be priced at about 855. So now that gold is no longer pegged to the dollar it has gone rouge and can run higher than actual inflation numbers.
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