Golds US vs Global Interactions?

tneig

Coinflation has an article that says gold to $10,000..
I'm told there is a direct correlation between US price of gold and the US dollar. So, the above means the dollar value has plummeted. Eh?

--but--
For example, if this US gold/dollar correlation exists;
Lets say the dollar value plummeted over the next month, and gold went to $4000+ respectively.

-How much does that affect the rest of the worlds gold price?
-Would other country's gold prices soar as well, because one country's fiat system crashed? So, is the Euro problems affecting our gold price?

Coyn

You'd really have to spend some time reading all the posts here to answer your questions properly. Gold has multiple drivers; one being the dollar value its priced in, so the value of the dollar becomes critical. In addition it has a supply and demand issue so perceptions around the world of thier currencies will drive buyers and sellers of both gold and dollars. So weakness in the Euro has often increased golds value and also increased the dollars value, so there is not an easy answer on short term drivers.

The main direction becomes the focus and we tend to agree that all currencies will continue to fall in relation to gold although at a different pace. In the end gold will triumph over paper. Euro or Dollar.