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billionaire Eric Sprott – Expect $200 Silver
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<p>[QUOTE="InfleXion, post: 1646795, member: 29012"]This is the logical fallacy that provides the illusion of currency strength. Nearly all fiat currencies are being devalued, but since they are all compared against each other the dollar index could actually rise even as it loses buying power. </p><p><br /></p><p>The buying power of the dollar does not change just because another currency's buying power does. Sure the strength of other currencies may indirectly impact the demand for the dollar, but that is the result of many layers in the cause and effect chain, the most paramount of which is market psychology (unpredictable), not a direct result of the currency strength. </p><p><br /></p><p>This is simply the measuring stick used because it is a convenient way to make things look better than they really are. Gold would be the true measure if it weren't a paper traded market. As it is, we have few real measures beyond the grocery store and the gas pump.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1646795, member: 29012"]This is the logical fallacy that provides the illusion of currency strength. Nearly all fiat currencies are being devalued, but since they are all compared against each other the dollar index could actually rise even as it loses buying power. The buying power of the dollar does not change just because another currency's buying power does. Sure the strength of other currencies may indirectly impact the demand for the dollar, but that is the result of many layers in the cause and effect chain, the most paramount of which is market psychology (unpredictable), not a direct result of the currency strength. This is simply the measuring stick used because it is a convenient way to make things look better than they really are. Gold would be the true measure if it weren't a paper traded market. As it is, we have few real measures beyond the grocery store and the gas pump.[/QUOTE]
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