Wednesday, October 01, 2008
There is no fundamental reason for the long-term relationship between the U.S. dollar and gold, but a relationship certainly does exists.
If someone knows of this reason, please fill me in.
When will people get it through their heads that, just because other currencies look "less bad" than the dollar from time to time (causing the dollar to strengthen against these other currencies), that this is no reason to sell gold?
Here's the chart: