The Dollar and Euro finished?

**ChrisV** · 01-02-2012, 09:59 AM

Originally Posted by Businessman

The Euro is finished - as all those with any common sense always knew it would be sooner or later. But the Dollar? Are you being serious? Once a Republican President returns to the White House - be it Romney, Gingrich or Santorum - then the US economy will quickly recover and the Dollar will be as stable as the Pound.

This isnt possible. The US will not reign in its spending to balance its budget, regardless of what party comes to power.

**donaldbond** · 04-02-2012, 02:17 PM

Very interesting but what the clip doesn’t refer to is how the gold is obtained. Is it brought on the commodity markets? If so what currency does it use to purchase the gold or does India hold large reserves. But even then, how does it fix the price of oil for the gold? Refer to dollar exchange rates perhaps?

**longjohn** · 05-02-2012, 05:07 PM

Originally Posted by Roland

First of all prices can not be fixed, the value of all things is based on the simple bases of supply and demand.

India is only the 18th largest holder of gold reserves but this does not mater India will buy oil off Iran in Gold and then Iran will buy the goods that India produces with the gold.

So you saying that one week on ounce of gold will buy 20 barrels and next month the price may be different?

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