Wednesday, September 23, 2009
Gold vs. the USDollar
The price of gold isn't increasing in real terms--it has retained its value for 6000 years. The reason why gold prices have increased in nominal terms is due to weakness in the USDollar. This gold vs. USDollar chart gives a clear illustration of what's happening to the tenuous status of the world's reserve currency.
Labels:
commercial real estate,
gold,
nominal,
reserve currency,
US dollar
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