Anybody want to post a chart of gold in Euro terms?
cohodk
Posts: 19,187 ✭✭✭✭✭
Just in case you see discussions of the topic in coming weeks. 
Excuses are tools of the ignorant
Knowledge is the enemy of fear
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don't fall for it men , its a trap
don't fall for it men , its a trap
lol, isn't the euro having a bit of an existential crisis?
I knew it would happen.
Recession pressures from Italy, France up next, German factory orders puking... and the ECB sees no recession in sight. Other than that....
https://www.goldbroker.com/charts/gold-price/eur
euro is a disaster EU needs to be dissolved , unless you are Germany then its neato.
Incredible bit of salesmanship there. All you democracies come here and give up your right to make your own decisions . These bureaucrats that no one voted for and you can't get rid of will take charge. Oh and once you are in you are not allowed out .
21% increase in 6 months.
Knowledge is the enemy of fear
(Drunken, bizzare non sequitur deleted)
Liberty: Parent of Science & Industry
Dollar up
Gold down
"Anybody want to post a chart of gold in Euro terms?"
Performances
.....................................................5 days ......1 month..... YTD ..............1 year ............5 years
Gold Price per Ounce (EUR).. + 0.87% ......+7.74%...... + 23.56%....... +34.28% ..... +40.94%
As stated in another thread "gold is at record highs in most currencies other than the dollar. Dollar is next."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
recently, gold is not going up with a declining dollar. it has been the trade war.
however, the past couple of days it has been up dollar and down gold.
for the dollar to decline, something else would need to rise. what currency would that be? CHF ? that trade gets crowded fast. JPY? ditto and JPY has its own internal problems.
what would need to happen is for there to be some black swan event like the trade war intensifying instead of subsiding. The US would still be in a strong position, but the fear trade would be on.
Prescience is not your strong suit.
Knowledge is the enemy of fear
Would Trump not getting a 2nd term be a black swan?
Knowledge is the enemy of fear
nor is trolling yours.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Anyone who disagrees with you is a troll. Suck it up buttercup.
Knowledge is the enemy of fear
your sig line once stated you troll (the uninformed(?))
technically that is bringing in politics.
anyway, as I say gold is up due to the trade war, and perhaps election results may change the trade war, I'll leave it as "too soon to call," and decline to elaborate on further questions in this line.
You would disagree with me even if I agreed with you. Shame you can't put as much time and effort into legitimate discussion, but it has become obvious that's not why you are here. Same goes for your lap puppy.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I think the topic and follow up of this thread should be quite evident.
You call anyone a troll who challenges the mistruths you post. Shame on you.
I will apologize for not condoning your lies.
Knowledge is the enemy of fear
Once can look at the purchasing power of a dollar vs. the purchasing power of competing currencies or one can look at the purchasing power of that dollar vs. it's purchasing power in the past.
Dollar strength (dollar index) is determined by how it compares to other currencies. Dollar value is determined by what it will buy. When buying gold we are talking about it's local value.
A high dollar index does not guarantee purchasing power, especially when the currencies it is being compared to have lost a lot of their buying power. Buying power can decline with all of them at once, yet one of them is better than the others. So yes, we could see gold advance in price in all currencies at the same time, something that is very likely and indicative of a global economic downturn.
Gold price is the barometer with which we measure confidence in the currency it is priced in as well as confidence in those managing that currency. Contrary to popular belief it is not a hedge against inflation. It is a hedge against central banks.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
A decline in purchasing power is tied to inflation
The euro zone inflation is at 1.1%, which must be a problem with negative savings rates. I'd guess net real is still under 2%.
prices are fairly transparent. Calculation of inflation, not so transparent. I like to think that any inflation is a result of currency destruction/devaluation. Central banks control the gas pedal. Price of gold reflects current confidence in them.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong