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Gold - Is $1900.00 the New Normal?
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<p>[QUOTE="GoldFinger1969, post: 25929608, member: 73489"]That's not necessarily true.</p><p><br /></p><p>One's standard of living can go up even as the currency goes down -- U.S. dollar 1946-1980 -- and even during shorter periods of time.</p><p><br /></p><p><b>The United States Dollar is a global reserve currency. </b> Ergo, it must be in greater supply than if it were just meeting domestic demand. With greater supply, the dollar declines slowly over time. This is NOT incompatible with economic growth and maintenance of purchasing power in real time.</p><p><br /></p><p>The best hedge against inflation or decline in your currency ? Stocks.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 25929608, member: 73489"]That's not necessarily true. One's standard of living can go up even as the currency goes down -- U.S. dollar 1946-1980 -- and even during shorter periods of time. [B]The United States Dollar is a global reserve currency. [/B] Ergo, it must be in greater supply than if it were just meeting domestic demand. With greater supply, the dollar declines slowly over time. This is NOT incompatible with economic growth and maintenance of purchasing power in real time. The best hedge against inflation or decline in your currency ? Stocks.[/QUOTE]
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