The one thing you got wrong is the dollar is not tied to gold. the dollar is nothing but a Federal Reserve Note. Nixon took the dollar off the gold standard back in the 70's.
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The one thing you got wrong is the dollar is not tied to gold. the dollar is nothing but a Federal Reserve Note. Nixon took the dollar off the gold standard back in the 70's.
I never said the dollar is tied to Gold, I said relationship to gold... strong gold = weak dollar vise versa. We started down the road to removing the dollar from the gold standard with FDR and you are correct Nixon fully removed it from the gold standard. In reality it isn't worth the paper it's printed on.Originally Posted by happyscraper
Valid point 5 years is too small a window. I like to use the charts at kitco Seems to be a trend of summertime corrections.he biggest problem i saw in that blog is a problem of statistics. It seems to me that a 5 year projection is a far too small of a data set.
I normally have been flipping my Ewaste as fast as I get it but considering the $.25 drop on MoBo I got from my buyer Thursday, I'm setting tight for now.
Last edited by jaydee1445; 06-03-2012 at 08:01 PM.
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