USD versus POG
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Posted 16 January 2009 - 03:47 PM
I decided to do a little historical check.
Today, January 16, the USD is at 84 and the POG is at 840.
After checking the charts, the last time the USD was at 84, December 12, the POG was just under 840.
Before that, the last time the USD was at 84, November 21, 2008, the POG was at 780.
The time before that, when the USD was at 84, was mid-March 2007 (don''t have an exact date). The POG at that time was in the 650''s.
Does this look like a gold bubble to you? Does this look like gold is declining against the dollar to you? Or does this look like all paper currencies are weakening against gold?
"He who sells what isn't his'n
Must buy it back or go to pris'n."
- Daniel Drew
"I am a rich man as long as I don't pay my creditors."
- Titus Maccius Plautus (c. 254-184 BCE)
Posted 18 January 2009 - 04:55 PM
Dabchick''s Gold Index
This index is intended to show how gold is valued throughout the world independently of the value of any country''s individual currency. It is not really much use as a day-to-day indicator when currencies are stable relative to one another, and is best plotted as a monthly chart.
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