Replies to post #31822 on Tasty Booshers

[Kloock]

umiak, I think that we misunderstood each other.

I expect that the EU will be printing money. Lots of money, just like the US has been printing lots of money.

And I expect that the Euro will become more and more devalued. Just like the US Dollar is becoming more devalued.

The ratio that I look at is the Euro to the US Dollar. It is currently 1 Euro to 1.3872 US Dollar. I look for the Euro to weaken/devalue and keep pace with US Dollar weakening but not quite as quickly to a ratio of 1 Euro to 1.50 US Dollar where the US Dollar will weaken faster.

However, if we use other currencies such as the Swiss Franc you have seen the US dollar fall considerably and the Euro will follow suit.

Now, this is a general understanding. I don't trade currencies. That would drive me nuts.

This has had a positive impact on the price of gold based in the US Dollar. Since gold has been pretty much valued in US Dollars, this will trickle down to gold producers. But that is a whole different story.