On Mon, 27 Jun 2011 16:08:37 -0500, jim "sjedgingN0Sp"@m@mwt,net
wrote:



Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:




The real issue is
the loss of value of the dollar, not the value of gold.

If that is true then

what was causing the dollar to increase so much
in value from 1980-2001?

????

That didn't happen.

Right that is exactly my point.
Your claim that gold is measure of the value of dollar is bogus

The value of gold declined from 1980 around $700/oz to $260/oz in 2001
That behavior in the price of gold
had little to do with the value of the dollar

And when the price of gold falls off a cliff again
that won't have much to do with the value of a dollar
at that point in time either

-jim

When the Dollar stopped being backed by gold..gold became a commodity.
Nothing more, nothing less.

However..its a commodity that has wide spread acceptance, is portable
and has little government influence and intrusion..which makes it a very
popular commodity.

Gunner

--
Maxim 12: A soft answer turneth away wrath.
Once wrath is looking the other way, shoot it in the head.