Old Project Avalon Forum (ARCHIVE) - View Single Post - Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

TAXMASTER · 10-23-2008, 09:35 PM

gold is selling at an alltime high in other foreign currencies. it is priced relatively low in us dollars because the dollar is artificially pumped up. that is why there is a run on gold here. if you devalued the dollar to where it was in march, gold would be about $1200. if it was $1200 then there probably would not be the demand for it in the us. that explains some of the shortage. there are not equal supplies of commodities to match consumption all over the world so invariably there will be times when there are shortages geographically even when there is an abundance elsewhere. bananas are cheap and plentiful in south america but sometimes the stores in the us run out.

Namaste'

10-23-2008, 09:35 PM	#20
TAXMASTER Avalon Senior Member Join Date: Sep 2008 Location: Terre Haute, Indiana Posts: 117	Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein) gold is selling at an alltime high in other foreign currencies. it is priced relatively low in us dollars because the dollar is artificially pumped up. that is why there is a run on gold here. if you devalued the dollar to where it was in march, gold would be about $1200. if it was $1200 then there probably would not be the demand for it in the us. that explains some of the shortage. there are not equal supplies of commodities to match consumption all over the world so invariably there will be times when there are shortages geographically even when there is an abundance elsewhere. bananas are cheap and plentiful in south america but sometimes the stores in the us run out. Namaste'