Thursday, July 28, 2011

Price of Gold

Everyone knows that when the dollar is weak, gold is strong. It all has to do with the confidence investors have in the value of the dollar. If your dollars are getting devalued, obviously you will need more dollars tomorrow to buy the same items you bought today. So, the more gold you have, and the higher the price for gold goes, the greater number of dollars you will have tomorrow if you decide to sell your gold for dollars. That way, inflation will not hurt you as much. Be that as it may, I would rather have ten tons of wheat and five tons of lentils at the ready.

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