Quote:
Originally Posted by jimmer
As the economy stumbles, the gov. with print more (QE), the dollar weakens, gold goes up.
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It isn't about the printing of money in my opinion. It is about wages. No matter how many dollar bills are printed, if they are not circulated in the form of higher wages, prices don't go up. Also, if governments of other currencies also print money, then the US dollar does not devalue against those currencies. For these two reasons, I don't see gold moving up. I mean, what can you buy with gold that you can't buy with fiat currency? With wages actually going no where and maybe even moving down, I think we may be entering a deflationary period.