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RE: The Real Reason Billionaire Investors Buy Gold, and Why The Sky is NOT Falling - SPOILER ALERT: @dollarvigilante is wrong!

in #investing8 years ago

"And the dollar isn't falling. Take a look at the dollar on a fifty year chart." The dollar isn't falling in compared to what? Other devalued, over printed currencies? How about comparing it to your grocery list? Devalued currencies cause the price of purchased goods to go up. That is, it takes more dollars to purchase those goods today than it did fifty years ago.