A Visual History of Gold and the US Dollar

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1dave misunderstood rock expert Awed by the Universe! Member since October 2013 Posts: 11,944	A Visual History of Gold and the US Dollar Feb 2, 2019 14:25:31 GMT -5 RWA3006 likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by 1dave on Feb 2, 2019 14:25:31 GMT -5
	I'm a ROCKOLOGIST ! My Published Books: 1936dave.freeforums.net/

Rockoonz misunderstood rock expert Member since August 2009 Posts: 11,468	A Visual History of Gold and the US Dollar Feb 2, 2019 14:51:41 GMT -5 1dave likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Rockoonz on Feb 2, 2019 14:51:41 GMT -5 Looks like a bubble to me. Wonder when it will pop?
	“You preachers of equality, the tyrannomania of impotence clamors thus out of you for equality: your most secret ambitions to be tyrants thus shroud themselves in words of virtue. Aggrieved conceit, repressed envy—perhaps the conceit and envy of your fathers—erupt from you as a flame and as the frenzy of revenge.” —Friedrich Nietzsche

1dave misunderstood rock expert Awed by the Universe! Member since October 2013 Posts: 11,944	A Visual History of Gold and the US Dollar Feb 2, 2019 16:16:46 GMT -5 grumpybill likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by 1dave on Feb 2, 2019 16:16:46 GMT -5 Feb 2, 2019 14:51:41 GMT -5 Rockoonz said: Looks like a bubble to me. Wonder when it will pop? The Gold, or the Dollar? To me, the Dollar appears to be a leaking old hot air balloon.
	Last Edit: Feb 2, 2019 16:17:05 GMT -5 by 1dave I'm a ROCKOLOGIST ! My Published Books: 1936dave.freeforums.net/

Rockoonz
misunderstood rock expert

Member since August 2009
Posts: 11,468

A Visual History of Gold and the US Dollar Feb 2, 2019 17:25:20 GMT -5 1dave likes this

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Post by Rockoonz on Feb 2, 2019 17:25:20 GMT -5

Feb 2, 2019 16:16:46 GMT -5 1dave said:

Feb 2, 2019 14:51:41 GMT -5 Rockoonz said:

Looks like a bubble to me. Wonder when it will pop?

The Gold, or the Dollar?

To me, the Dollar appears to be a leaking old hot air balloon.

The gold, for sure. The problem with currency is printing it in excess, and having it tied to basically nothing. IMO the shift of gold from strictly precious metal to something used for tech makes it now a poor currency standard.
The bubble is a result of a lot of gullible people hoarding gold as an "investment", when at best it's a mediocre hedge against inflation in good times, a quixotic pursuit today.

“You preachers of equality, the tyrannomania of impotence clamors thus out of you for equality: your most secret ambitions to be tyrants thus shroud themselves in words of virtue. Aggrieved conceit, repressed envy—perhaps the conceit and envy of your fathers—erupt from you as a flame and as the frenzy of revenge.”
—Friedrich Nietzsche

bcrockhound spending too much on rocks Member since June 2014 Posts: 418	A Visual History of Gold and the US Dollar Feb 2, 2019 17:37:30 GMT -5 Rockoonz and 1dave like this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by bcrockhound on Feb 2, 2019 17:37:30 GMT -5 I don't try to predict the future, and I'm not in it as an investment, but rockhounding got me into collecting silver, which I love.
	Blog about rockhounding, tumbling and learning the hobby. Heavy on the pictures, new posts from where I'm going and what I'm tumbling regularly www.bcrockhound.com

1dave
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A Visual History of Gold and the US Dollar Feb 2, 2019 20:00:48 GMT -5 grumpybill likes this

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Post by 1dave on Feb 2, 2019 20:00:48 GMT -5

Before putting the chart together and looking into what caused the fluctuations I hadn't realized how much Roosevelt had to do with it.

It is all about trust, faith and belief. As trust goes down so does value.

Last Edit: Feb 2, 2019 20:11:54 GMT -5 by 1dave

I'm a ROCKOLOGIST !

My Published Books: 1936dave.freeforums.net/

grumpybill
freely admits to licking rocks

Member since June 2017
Posts: 940

A Visual History of Gold and the US Dollar Feb 3, 2019 21:22:58 GMT -5 1dave likes this

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Post by grumpybill on Feb 3, 2019 21:22:58 GMT -5

Many states are now eliminating sales tax on the exchange of gold and silver, making it possible to use the metals as methods of payment.
Some people cheer this as a first step in nullifying the Federal Reserve.

I changed my mind yesterday. The new one doesn't work any better than the old one.

greig
fully equipped rock polisher

Member since August 2016
Posts: 1,703

A Visual History of Gold and the US Dollar Feb 4, 2019 12:11:33 GMT -5 1dave and grumpybill like this

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Post by greig on Feb 4, 2019 12:11:33 GMT -5

I still wonder if the US has any gold reserves in their (unaudited) safes? Canada got rid of the last of the federal gold a few years ago (shame on them). What really surprises me is people who think the hedge against a paper dollar - - is going long on gold, also just paper. It seems to me that any gold investment should be in physical gold. I also laugh at folks who think Bitcoin in the new gold. On the other hand, it would have been nice to have bought up some cyber currency a number of years ago and dump it now.

Yes, I am MeMiner on Youtube ;-)

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