GREY:GEYEF - Post by User
Comment by
cmulaishoon Nov 03, 2007 3:04pm
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Post# 13746503
RE: gold break out
RE: gold break outYeah but it's not really increasing at %'s higher than what the $US is declining. So gold in term of $us dollar may be higher but the purchasing power of that gold hasn't gone that much higher than when it was in the mid 600's.
That is why gold stocks aren't going through the rough. So even if the $US goes to .70 and gold rises to 900, how much can you now purchase with the $US now in non $US currencies??
Of course if you invested in $US and pay for your expenes in $US (say a US resident) then you are laughing cause the cost of goods hasn't increased relative to the dollars decline.