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This is from 2007, but the question is still valid: "[O]ne of these days there will be a Wile E. Coyote moment for the dollar: the moment when the cartoon char
by chris123 17y ago
This is from 2007, but the question is still valid:
"[O]ne of these days there will be a Wile E. Coyote moment for the dollar: the moment when the cartoon character, who has run off a cliff, looks down and realizes that he’s standing on thin air – and plunges."
- jacquesm 17y agoI think that's a valid question, but the scope of it is a lot larger than just the US dollar. For investors to get 'out' of one thing they have to be able to get 'in' to another thing, and most other currencies don't feel a whole lot more solid than the greenback. Here is a hint of what might be going on: http://goldprice.org/charts/history/gold_1_year_o_usd.png http://goldprice.org/charts/history/gold_1_year_o_usd.png
- chris123 17y agoI think we're all on the same page there :) A rise in any price (gold, for example) quoted in any currency (the dollar, for example) is as much about that currency losing value as it is about that commodity rising in value. Said another way, if you flood the world with anything (the dollar, for example), all things equal, then each unit of that anything becomes worth less. In our dollar vs. gold example, it takes more dollars to buy the same amount of gold. The dollar is worth less. Potential Wile E. Coyote. Yada, yada, yada.