Message:

<p>[QUOTE=&quot;desertgem, post: 1449331, member: 15199&quot;]Although some may find other reasons, here is mine. Commodities like gold are denominated in USD on commodity exchanges. Similarly, the USD/Euro value ratio is trade in Forex ( Foreign exchanges) 24hrs world wide. If the trouble in Greece seemingly lowers the strength of the Euro ( common currency), the ratio goes up in favor of the USD. The USD is now stronger, so the amount of USD to buy gold goes down worldwide. Now if the world population thought that the USD was wrongly getting stronger, they could buy the gold at the USD ratio ( Using their Euros for example) as the better risk value and the demand would raise the price of gold even against a strong dollar. But the world seems to trust the strength of the USD at this time to go with it as a safe, fast, mobile way of securing value.</p><p><br /></p><p>Of course it could be a conspiracy ....[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in