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Stable, to some degree, in all of those respects, since they are interdependent. Being stable with respect to any of the above indicates a degree of stability w
by BobbyJo 4y ago
Stable, to some degree, in all of those respects, since they are interdependent. Being stable with respect to any of the above indicates a degree of stability with respect to the rest. You can't be stable against gold without a degree of stability against USD, as USD/Gold is pretty stable, and arbitrage would close the gap. Likewise with local prices and income.
I'm not familiar with SDRs.
- logifail 4y ago> USD/Gold is pretty stable Umm, I'm not sure I can agree with that[0] To be fair, it was fairly stable until about 2006. However the whole point of "being stable" is also to be stable in times of external stress. USD/Gold fails that one quite spectacularly. [0] https://goldprice.org/charts/gold_30_year_o_x_usd.png https://goldprice.org/charts/gold_30_year_o_x_usd.png
- BobbyJo 4y agoThat's significantly less volatile than Yen/USD. Stability in currencies is pretty relative.