Gold Vs Dollar

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I am not concerned wats happening to US...wat matters is there are only two countries in the world showing positive growth.....China and India!!!!!!!

Most of the video is true. However it is known that the world economy is based on the dollars strength. If the dollar is low the rest of the world is good. the same in reverse so when the dollar is good the rest is low. Following the forex shows the value.

Think about this. When the gold standard was used, we had a fixed rate of exchange to gold as all other countries did, which means we had a fixed rate of exchange to other countries. Hypothetically, if one country is in an expansion, and one is in recession, yet they have the same exchange rate, something is seriously wrong. One would be getting a huge bargain while the other would be getting killed. That is why we changed to a floating exchange rate system.

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The video claims that the COnstitution says that the US currency must be gold or silver. That's not true. The Constitution says nothing of the sort. And when people can't get the basics right then you shouldn't trust them to tell the truth about anything else.

I believe your meaning is that if the US had kep the dollar tied to the value of gold, the US economy would be healthy all the way. So why did they abandon that policy? Nixon had a lot of advisors, and a lot of other countries have done the same (including mine). I tend to believe that the present misery stems from bad politics (running 2 wars, impeding environment preservation) and being overtaken by hardworking asians. Better luck with the next president. (You know, most europeans gasped in disbelief when the Bushman jr. was reelected, I think now most americans know why).

This is a moronic version of basic economics. Uhm, how come gold was going for around $275 / oz back in 2000 if what you say is true.

The driving force behind the currently insane spot price for gold is a speculation and increased demand from developing countries like China and India.

is acting like black
-spending every single dollar they make
and spend even more

nice to know ^^

Don't you think that the national debt also affects the value of the dollar? DEBT is one step closer to POVERTY! The price of gold really doesn't have any affect on the value of the dollar. There's a limited supply of gold in the world and that affects the value. There's only partial truth in this video.

This is so true. It is not the prices going up it is the vaule of the dollar going down.