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**Blelidupgerie** · 10-28-2011, 10:57 AM

When the Euro collapse happens, will gold prices termed in US $ take a nose dive again?

That is something I have been thinking on as well.

If the Euro crashes, then the dollar will be more valuable. It would take less dollars to buy gold, so the price of gold from a US perspective goes down. Europeans fleeing the Euro into gold would reduce the supply of gold, so the gold price should go up. Another variable that would affect the price of gold would be the US devaluing the dollar.

10-28-2011, 10:57 AM	#4
Blelidupgerie Join Date Oct 2005 Posts 419 Senior Member	When the Euro collapse happens, will gold prices termed in US $ take a nose dive again? That is something I have been thinking on as well. If the Euro crashes, then the dollar will be more valuable. It would take less dollars to buy gold, so the price of gold from a US perspective goes down. Europeans fleeing the Euro into gold would reduce the supply of gold, so the gold price should go up. Another variable that would affect the price of gold would be the US devaluing the dollar.
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