GOLDBUGS AMEX Goldbugs Index (GOLD)

[trunkmonk]

Dollar vs gold, one is fiat, the other is real money. there is no direct relationship. best thing to do is look at gold in relation to the economy, if there is crummy economy, or doubt in its future, then gold is tell tale reaction to it. the Fed used to look at gold as a barometer to how the economy, and his decisions are doing. now central banks are buying gold like never, ever before. they know what is coming, and it aint pretty for the dollar nor the economy. when the banks are switching from the dollar to gold, especially after Basil III, where the gold that is held in a bank is values at 100% of what its worth at that time, u better buy some.