i wonder where ay you's gonna go ?

[ThomasSoerensen]

no Thomas,

today

1oz = 1000U$D = 700 Eur

therefore,

if 1000 USD will = 200 Eur

then at that point, 1oz will be ~3000U$D

excellento

Milan.

I meant to say that gold will tank at the same rate as USD untill you can get 5 USD for 1 EUR.
I wish them well, but forecast them in hell.

[milanbenes]

'I meant to say that gold will tank at the same rate as USD untill you can get 5 USD for 1 EUR.
'


Thomas, gold is a measure of confidence in the dollar

if dollar tanks gold will rise

Milan.

[ThomasSoerensen]

not if people also lose confidence in gold and only trust yen and EUR. Any currency is a matter of confidence - or lack of.


Gold has no rational reason for a special status. Except is costs a lot to store and if you self store you ruin others confidence in your batch. Nice.

Let us switch to a global currency og Joule - everything has a certain burn/heating value that vould provide a floor under the price of things.