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What effect does a devalued dollar have on precious metals?
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<p>[QUOTE="fatima, post: 1368904, member: 22143"]What I don't understand, is why do people accept this? </p><p><br /></p><p>The dollar or any currency's rise and fall should be directly related to the economic output of the country and 100% dependent upon the real wealth generated within the country. In the United States, free market system of deciding currency value has been replaced by a handful of unelected, unaccountable, people who decide the dollars value without regard to the economy or the effect of their decisions on people. </p><p><br /></p><p>By reducing the value of the $ by another 33% it's the same as stealing the savings of the elderly and forcing everyone else to take big risks with their money just to stay ahead. The only alternative that people have, is to move their savings to gold & possibly silver, because these people can't directly control the worth of that. This has proven out by fact that once Allen Greenspan decided upon a policy of $ devaluation, gold has gone from $250 to close to $1800. IMO, the $ won't last another 33 years. </p><p><br /></p><p>To answer the OP, it's very very good for he future of gold & silver.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1368904, member: 22143"]What I don't understand, is why do people accept this? The dollar or any currency's rise and fall should be directly related to the economic output of the country and 100% dependent upon the real wealth generated within the country. In the United States, free market system of deciding currency value has been replaced by a handful of unelected, unaccountable, people who decide the dollars value without regard to the economy or the effect of their decisions on people. By reducing the value of the $ by another 33% it's the same as stealing the savings of the elderly and forcing everyone else to take big risks with their money just to stay ahead. The only alternative that people have, is to move their savings to gold & possibly silver, because these people can't directly control the worth of that. This has proven out by fact that once Allen Greenspan decided upon a policy of $ devaluation, gold has gone from $250 to close to $1800. IMO, the $ won't last another 33 years. To answer the OP, it's very very good for he future of gold & silver.[/QUOTE]
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