Re: Gold Soaring


"note.boy" <note.boy@xxxxxxxxxxxxxxxxxxx> wrote in message
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"Bruce Remick" <remick@xxxxxxx> wrote in message
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"DG" <nospam@xxxxxxxxxxxxxxxx> wrote in message
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Bruce Remick wrote:

Not because the dollar is depreciating, but because the cost of living
usually rises.


What currency do you use?

The US$, of course. If the upward price of gold means the US dollar is
depreciating, why isn't that relative depreciation reflected in the
prices of everything else I buy.



My convoluted interpretation, maybe, but I've grown fond of
the dollar. I've been retired and getting annual cost of living raises
from the federal govt for ten years now. The wife gets annual Social
Security cost of living raises, too. During that period the prices of
gasoline, gold, etc. have fluctuated up and down. I blame supply and
demand, speculation, world events, etc. for the rise and fall, and don't
consider the dollar to have lost value in the US. However, were I to
go to
another country and change my $US into the local currency, I would
probably
take a hit compared to just a couple years ago. So I hold off doing
that
and stay home. It's all in one's perception.


LOL... The US dollar is shifting away from being the world reserve
currency. Just because you choose not to understand does not make it
false.


When the exchange rate of the USA dollar drops all goods imported into the
USA are more expensive so how the USA dollar is regarded in the rest of
thew world does affect the buying power of your dollar when it comes to
buying imported goods.

Your statement would only be correct if you only buy goods made in the
USA, which I doubt very much is the case. Billy


That's exactly what I try to do. With many higher priced items, I have
found that imports have been priced pretty close to their US-made
counterpart, if they want to be competitive. Otherwise, I don't buy any
non-essential goods that have gone way up in price, domestic or imported.
As I've said, this is my own view of things, which is all that matters to
me. Others may be in a situation where the US-foreign currency
relationships really affects their daily life. I consider myself fortunate
in my apparent naivite.


Bruce



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