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Platinoid
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Gold and commodities

- Alasdair Macleod - Finance and Eco.

Macleod once again gives useful investigation.
Oil, because of the Petro-Dollar, is price sensitive to fluctuations
in the USD Index.

Gold, as priced in the USD, is also a reflection of the printing and
devaluations of the USD. Sure, QE always favors investing in Gold,
and a lot of that trade is ETF's and short term.

Ultimately, when gold is acting as a commodity, it is because it is following
the QE trend that floats the DOW to ever greater heights.

But when you see oil headed south, and the DOW headed south, and
commodities headed south, but Gold and Silver are headed north,
then that is a parting of the ways:

Metal has suspended acting as a commodity such as oil, and has taken
on its tradtional role: it is acting as a safe haven:

It is no longer acting as a commodity, it is acting as MONEY!!

DCA, all the way!!!

Commented 3801 days ago

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Beginning of the headline :The relationship between gold and commodities is essentially a simple one. If you look at long-term charts of oil priced in gold for example, you find that they have been more constant than oil priced in paper currencies. In 1965, gold was at $35 and oil was priced at $2.90 per barrel, so priced in gold oil was 0.083 ounces. Today gold is $1250 and oil is $95, so oil is 0.076 ounces. Therefore the price of oil in terms of gold has hardly changed over nearly forty years compared with it rising 33... Read More

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