China currency trading economics Videos

The dollar is currently 'strong' and if you held gold you have lost nothing but a speculative bet on the dollar over the past few months. The Euro is getting weaker due in part to QE and in part to Greece and so gold is more expensive relative to Euros. Neither of these things have anything to do with the long term value of gold.If you look at it short term then if dollar rally runs out of steam then you will see your gold increase in dollar value. On the other hand, if interest rates rise then gold will continue to fall in dollar value. Over the long term gold will retain your purchasing power better than any currency on the planet. 

Thats true. In euros gold is even rising! Im quite surprised...

Thanks

I thought that I had already subbed and noticed today I was not.

+Numistacker You're so right and we never know what is in his head until it's too late. Hope it will never happens.

If Putin keeps it up we may be calling on our American friends sooner than we all think.

The UK depends on the "Umbrella" protection of the US nuclear arsenal.  The only military force the UK needs is the one to keep the peasants, serfs, plebes and naives that reside within its own borders at bay.  The US spends money on defense so its allies don't have to.   It is one of the many reasons the US is going broke.  

Thanks.  I thought I was already subbed to you and a few others but it looks like somehow they were dropped or I never actually did.

thanks