Comment: The dollar

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The dollar

The dollar has gotten stronger versus other currencies since May of 2011 and specifically September of 2011. The high for the price of gold was December of 2011.

If the Yen, Pound and Euro are all weaker, by "default" the dollar index goes higher because these currencies make up 80% of the dollar index.

This doesn't insinuate by any means the U.S. is best of the bunch. As I said, they run from one side of the sinking ship (compared to gold) to the other. It's an "illusion" that one is better than the other when it takes more of each to buy gold over time. It's an "Illusion of Wealth."

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!