Quote:
Originally Posted by k0nr4d
Exactly. Over the last couple of weeks USD dropped from 3.10PLN to 2.7 and even lower now some days. The price rise for gold is related to the USD being weaker, not gold getting mroe valuable. It all goes up and down all the time though. The USD isn't going anywhere, it is very much an important currency and USA is too big a market. Lower USD means USA importing from other countries becomes more expensive, and it's one of the biggest markets there is.
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I'm not sure you even understood what you wrote because by the simple definition of the value of a fiat currency, if the worth of the dollar goes down, the value of the precious metal goes up. And this is assuming there's a direct correlation between the two. Then there's the outside factors, such as gold being low in supply and high in demand and therefore valuable, or gold being a hedge against inflation, etc..The US isn't too big to fail, sorry to tell you that. The whole "too big to fail" attitude died with the 2008 recession.