So gold gained $5/oz today... who cares? It lost a dollar yesterday, and it lost $14 the day before. The one year gold chart shows a whole lot of going nowhere, and the one year DXY chart looks more up than down. The 5 year DXY shows we've been bouncing around 80 since the '08 crisis: http://www.marketwatch.com/investing/index/dxy
Debt has only increased since then, so demand for dollars (to make payments) is rising. I don't care how much Bennie prints and hands to the bankers, it won't cause inflation because the banks are hording it. If he handed out money to the people we might see some inflation, but I don't see that happening any time soon.
Go look at Japan's economic history. There are some lessons to be learned, and those who understand them will do well in the US economy in the next few decades.
Debt has only increased since then, so demand for dollars (to make payments) is rising. I don't care how much Bennie prints and hands to the bankers, it won't cause inflation because the banks are hording it. If he handed out money to the people we might see some inflation, but I don't see that happening any time soon.
Go look at Japan's economic history. There are some lessons to be learned, and those who understand them will do well in the US economy in the next few decades.
You understand QE started killing japans economy ~20 years ago... but you claim the dollar isn't losing value... Look at any forex pair since 2008, you'll see the trends.
Dont forget to comapre USD against other fiat to get a resounding picture of the falling USD. In Australia, in ~3yrs we have climbed from ~USD$0.70 up to ~USD$1.10 and have settled for the past few months around the USD$1.05 mark with no end in sight. This hurts my BTC operation as BTC > USD > AUD used to get me an extra 30% just on the exchange rates.
V
