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If the dollar is so weak, why has not the Golden still maintains about inflation?
In 1982, the year we had the Great Depression real gold averaged $ 447 per ounce. Using the lower inflation calculator, $ 447 in 1982 = $ 1,153 today. If gold has maintained its value, do not should be at least that? And not only in increased prices, but on average? Http: / / www.westegg.com/inflation/ Gold was excessive in 1982? I think it's expensive now. Tome one photo at a time of economic recession similar then and now.
Uncle PB, I am sending some of my best links to answer. Granted, gold is a hedge against inflation. But where it really shines is as a hedge against sudden currency devaluation. The size of the aid that the Fed is providing to the economy is the same order of magnitude as the economy itself. There is much that can still go wrong. We are not near the end of this crisis and the dollar still under significant threat from the Federal Reserve. Even if the U.S. and the dollar are harmless, do not forget to revaluation of Franklin D. Roosevelt during the night of the dollar in 1933. If the bank considers its policy instruments in their absence, be creative and devaluation measures consider others.
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