Loading ...During 2008 the USD Index was on 72 and Gold was around $800/oz. Today the Idiot/Dollar Index is a lot higher mathematically at 94, but Gold is a lot higher too, at $1,872/oz.
Think about a 72 Dollar again, these days? Gold would probably be $4,000/oz today. Its taking a big high 94 US Dollar Index to hold Gold down to $1872/oz. The Dollar has had a good three months lately, so Gold is at discount $2050 to $1872. Hey, I’m happy at $1500.
Also, the higher shotgun wedding YuanDalla is promoting the “welfare” buying by the two strongest economies, of cheaper manufactured imports from other poorer countries.