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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 01/20/2009 : 19:37:22
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The dollar was up 1.47% today. But is it really up?
Is it that the dollars has really gotten much stronger? After all we are going through a financial meltdown here in the U.S..... Or is it that the Euro, Australian dollar, the New Zealand kiwi and etc. all have gone down as their economies have started to fail too? Many investors were using their currencies as dollar alternatives. The dollar now really isn't all that much stonger, just less weak compaired to them. Thus the dollar just appears to be moving up right along with silver and gold prices?
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Think positive. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 01/20/2009 : 20:20:57
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Maybe, just maybe, the dollar is looking better to foreign investors....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 01/21/2009 : 07:41:20
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Gold was up compared to all currencies yesterday. Which means, basically, that all fiat currencies fell. The rest is, like you say, just a matter of which ones fell faster than others.
Right now people are still scrambling around in the fiat currencies trying to decide which one is best to hide in. There may come a time when a majority of people around the world decide that they don't want to be in any of the FIAT currencies. When that time comes all hard assets go up and the whole world inflates.
Kind of hard to imagine, but it is a world economy now... |
Edited by - horgad on 01/21/2009 07:45:17 |
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Dollar up 1.47% today. But is it really up?
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