[lbo-talk] Why strong US dollar and declining gold price.

Bill O'Connor billyoc at gmail.com
Fri Oct 17 14:25:40 PDT 2008


ken hanly <northsunm at yahoo.com> writes:


> Why is the US dollar staying strong and gold prices often
> declining. Are not the numbers of US dollars being vastly inflated by
> the bailouts and huge defence spending Etc. Why arenèt people fleeing
> to gold for safety rather than the American buck.

I think that some people think that since the problem started in the U.S., it will be ameliorated in the U.S. first, Like a flu outbreak, wherever it started will be healthy again first.



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