Dollar’s Demise Exaggerated as 13% Gain Since 2008 Proves Currency’s Value...

[REO 54]

So what does this really mean??


Global Reserves
"The U.S. dollar’s share of global foreign-exchange reserves climbed in the third quarter to 61.7 percent, the highest (CCFRUSD%) since late 2010, while holdings of euros (CCFREUR%) fell to a three-year low of 25.7 percent, according to figures from the Washington-based IMF quarterly data.

While the dollar is up since 2008, it’s down 34 percent from its highs a decade ago, IntercontinentalExchange’s index shows. The Fed’s Trade-Weighted Real Broad Dollar Index (USTRBROA) that tracks it against those of 38 countries shows the dollar has depreciated 15 percent from its average in 1973, the year global currencies began freely floating.

The dollar has been the world’s reserve currency since the U.S. and allies agreed at the 1944 Bretton Woods conference to peg it to a rate of $35 per ounce of gold. It remained the most- traded legal tender after global currencies began freely floating in 1973, accounting for 85 percent of the $4 trillion per day foreign-exchange market, according to the Basel, Switzerland-based Bank for International Settlements. "

http://www.bloomberg.com/news/2012-0...y-s-value.html

[Not Sure]

So what does this really mean??

Chocorations increased yet again!

(seriously: it's doubletalk...dollar "gained in value," LOL - is gold worth more or less FRNs than in 2008?)

[Ecu]

Dollar may be gaining against other currencies but it is still depreciating when compared to goods.

[Hystckndle]

No worries,
we are still the best looking bovine in the slaughter house.

Time will tell.
Everyday that passes more and more of the world is figuring out they
were duped.

[Ragnarok]

VALUE???


Seeing how much gold and silver have risen vis-a-vis the dollar since 2008, and looking at the fundamentals of the dollar, I think a 13% gain in the dollar means: Continue to get as much metal with them as you can while the party lasts!

2c, R.

[REO 54]

VALUE???


Seeing how much gold and silver have risen vis-a-vis the dollar since 2008, and looking at the fundamentals of the dollar, I think a 13% gain in the dollar means: Continue to get as much metal with them as you can while the party lasts!

2c, R.

Indeed.When I consider back in 72',you could get gold for $35. Now,$1600. No brainer.

[Merlin]

Indeed.When consider back in 72',you could get gold for $35. Now,$1600. No brainer.

Damn it, in 72' I was 27 years old, feeling my oats, making money, spending money. Why wasn't I smart enough to buy gold then at $35? Just this last week a gold American eagle cost me $1660.

I have to repeat: Do not value your wealth in FRNs. Value your wealth in ounces. That is the grand total that interests me.