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<p>[QUOTE="ontime1969, post: 670267, member: 19596"]I thought the reason gold was very strong today is because the US dollar value has been dropping at a steady rate for a while? What will happen when our dollar rebounds? Will the price of go up to keep it even or will the price of gold just go down in comparison to the dollar? </p><p><br /></p><p>These are questions cause im a newbie, My education is in science and medicine, I know nothing about this stuff. </p><p><br /></p><p>It just seems that gold has a world wide market and it should not change in light of any one country's currency flux. So if the US dollar is down then gold costs more. I always thought that buying gold was like betting against the dollar. I maybe way off base, what do you guys think?[/QUOTE]</p><p><br /></p>
[QUOTE="ontime1969, post: 670267, member: 19596"]I thought the reason gold was very strong today is because the US dollar value has been dropping at a steady rate for a while? What will happen when our dollar rebounds? Will the price of go up to keep it even or will the price of gold just go down in comparison to the dollar? These are questions cause im a newbie, My education is in science and medicine, I know nothing about this stuff. It just seems that gold has a world wide market and it should not change in light of any one country's currency flux. So if the US dollar is down then gold costs more. I always thought that buying gold was like betting against the dollar. I maybe way off base, what do you guys think?[/QUOTE]
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