inflation ?, page-10

Hi Rivko,

Forgive me if I'm a little off, had a couple a beers and very tired from some late nights this week charting etc but:
my personal opinion is that gold is not behaving like a proxy currency at all, rather just another commodity which is rising in USD terms as a result of USD weakness, same as oil, pork bellies, canola, nickel, orange juice and so on. I guess that is where Adamp would probably disagree with me, and maybe say it has something to do with the failure or weakness of the monetary system in general through inflation of the money supply. But that is not my view, given the gold price based in other currencies. So essentially I don't think gold has crossed the line from behaving like another metal commodity to behaving like a currency. But I am very open and value everyones opinions