Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

But the free market is working, the dollar Euro ratio has gone from $.80 to $1.36, a 70% decrease, that is how the market works...and look how well, when the dollar was at $.80/Euro, gold was at $250/ounce, multiply that by 1.70 and you get exactly the recent high in gold at $425/ounce. Actually, European gold bugs have not had any appreciation in their gold holdings in the last three years in term of their own currencies. Holding Euro would have been much better since you also collect a meager non zero libor rate.