DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Max Keiser: Debt slash

**Zjohkrbi** · 10-28-2011, 03:40 PM

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.

I just don't understand how this is possible. The Euro makes up 57% of the dollars value. If the Euro plummets, so too will the dollar.

Gold to the moon.

10-28-2011, 03:40 PM	#6
Zjohkrbi Join Date Oct 2005 Posts 437 Senior Member	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. I just don't understand how this is possible. The Euro makes up 57% of the dollars value. If the Euro plummets, so too will the dollar. Gold to the moon.
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