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09:52 PM
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Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
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[quote:Anonymous Coward 961432:MV8xMjM2NzUzXzIwMTQ4Nzk4X0VERDE2NzVE] [quote:Anonymous Coward 1144116] With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways. Yeah why buy anything that keeps up with inflation. :crazy: Inflation is only up 1 % this year. Look it up. The above mentioned is different. [/quote] You are a moran. Inflation is defined (at least sanely defined) by expansion of the monetary base. If you include some useless basket of items in the inflation number it is easily manipulated and gamed by those who want you to remain clueless. For instance energy is increasing in cost, grains have gone up over 60% in the past 4 months that means food items will increase by at least that much, but housing prices are still declining due to low wages and a housing glut not to mention outright fraud for title transfers by the banks. So when you include certain items in the CPI it is easy to manipulate the numbers as you want. Expansion of the monetary base however always causes inflation in the cost of commodities and items people need to survive. This is stagflation going into hyperstagflation that means deflation in housing and non essential durable goods and hyperinflation in energy and food, things people need to survive. Precious metals will continue to appreciate against the dollar since it is being debased. [/quote]
Original Message
Interesting to see the US dollar losing ground yet again as the dollar index goes back towards a downward trend:
[
link to quotes.ino.com
]
(77.191 at the time of posting)
Meanwhile, gold is rising due to "predominant buying" (icrease of usd 11.80 as of now) on Kitco, with the dollar value weakening (increasing +1.40 usd as of now)
[
link to www.kitco.com
]
-- What will next Monday/Tuesday bring?
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