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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Pm Drop Due To Currency Fluctuation

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Author Previous TopicReplies: 3 / Views: 1,001Next Topic  
hockingzig
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 Posted 10/31/2011  4:18 pm Show Profile   Bookmark this topic Add hockingzig to your friends list Get a Link to this Message Number of Subscribers
Looks like a drop in the Euro and Yen are dragging down the price of gold and silver.It will be interesting to see what the dollar index does over the next couple of days.
Ed_B
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 Posted 10/31/2011  7:08 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
The dollar was up 2% today, which is what pushed stocks and PMs down.

My question for those in charge would be, "What happens after everyone out there has raced to the bottom and all fiat currencies become worth zero?". I'm sure that there is a plan out there somewhere that covers this issue but it sure would be nice to know what it is.
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hockingzig
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 Posted 10/31/2011  8:00 pm  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
It will be interesting to see what the upcoming Fed meeting will bring.
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Ed_B
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 Posted 11/01/2011  7:30 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Indeed it will, Hock. Ditto for the European meetings on their debt restructuring and bank recapitalizations.
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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