Wednesday 8 April 2020

$ vs AU - From a different point of view...................from Rico

Look at these graphs from a different point of view.
- The price of Gold (Au) is not really going up in dollars, but it does take more dollars to buy the same ounce of Gold.
Q: Why is that?
A: Because the purchasing power of the dollar keeps going down while the same ounce of Gold remains the same.
= The value of the dollar is going down...

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