To: kittymyrib
Commodities tend to keep their value relative to each other.
My hubby keeps saying how much gold and silver are rising. I keep correcting that they are not rising so much as the dollar is dropping.
Even those in the Weimar Republic tended to look at it backwards.
To: CottonBall
“My hubby keeps saying how much gold and silver are rising. I keep correcting that they are not rising so much as the dollar is dropping.”
That’s absolutely right; the dollar is also dropping against oil, food, etc.; the only place prices are falling is where there is no demand anyway: homes.
To: CottonBall
Actually it is both. Part of the price of gold and silver is due to the rise or fall of the dollar. Part of the price is due to normal open market trading. If you go to Kitco.com/ they break it out for you in dollars and cents.
There is no category called "backwards."
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