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<p>[QUOTE="-jeffB, post: 26406046, member: 27832"]Nope, I have no degree in economics, and I have no great track record as an active stock trader. But I <i>do</i> buy groceries for the family, and the stuff I buy has <i>not</i> doubled over the past two years. Nor did it all get cheaper when gold slumped after 2011.</p><p><br /></p><p>Gas goes up and down in response to a bunch of things. Gold goes up and down in response to a bunch of things. The dollar goes up and down in response to a bunch of things.</p><p><br /></p><p>The long-term trend is for the dollar to lose value due to inflation. <i>In the long term</i>, many other commodities, <i>including gold</i>, tend <i>not</i> to lose value. But short-term action in one commodity's price doesn't mean the dollar (and all other commodities) are moving in the opposite direction. At least, <i>I</i> don't find that a useful representation. Your mileage may vary, <i>especially</i> if your fortunes are tied to a particular commodity (say, you're a farmer, or a PM stacker).[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 26406046, member: 27832"]Nope, I have no degree in economics, and I have no great track record as an active stock trader. But I [I]do[/I] buy groceries for the family, and the stuff I buy has [I]not[/I] doubled over the past two years. Nor did it all get cheaper when gold slumped after 2011. Gas goes up and down in response to a bunch of things. Gold goes up and down in response to a bunch of things. The dollar goes up and down in response to a bunch of things. The long-term trend is for the dollar to lose value due to inflation. [I]In the long term[/I], many other commodities, [I]including gold[/I], tend [I]not[/I] to lose value. But short-term action in one commodity's price doesn't mean the dollar (and all other commodities) are moving in the opposite direction. At least, [I]I[/I] don't find that a useful representation. Your mileage may vary, [I]especially[/I] if your fortunes are tied to a particular commodity (say, you're a farmer, or a PM stacker).[/QUOTE]
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