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5,282 Posts.
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23/04/13
20:21
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timber1956
$11 trillion simulus to increase the gold price by $800.
It would take $500 billion stimulus to raise the gold price
by 35 usd oz. Its not going to happen.
Usd dropped 25% agaisnt china.
Relationship between USD and gold price.
You will make a loss as USD rise and make a foreign exchange loss from fall in the gold price in your currency.
Which will result in a sell off.
http://symmetricinfo.org/2011/03/what-is-the-relationship-between-the-us-dollar-and-gold-prices/
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