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D minus 7 Days : New record low of the US dollar to Gold

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24hGoldWire
24hGold
Published : August 09th, 2011
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6 days before August 15, the 40th anniversary of US President Richard Nixon’s speech announcing the end of the US dollar convertibility into Gold, the US dollar reached for the 12th time this year a historical low when converted into Gold, at 1/1743th of an ounce.



Five year Chart of the US Dollar in Gold


24hGold - D minus 7 Days : New...


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GM   8/9/2011 at 4:08 PM GMT
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Is it still a "barbarous relic" that doesn't "pay any yield?" Is it only just an "asset" and not real money (Bernanke)? Is it true that "you can't eat gold?" How about eating Federal Reserve notes, which are certainly more digestible and far more plentiful? They can also fuel your stove.
FLYTOX   8/9/2011 at 2:58 PM GMT
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Sic transit Gloria Mundi
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FLYTOX - 8/9/2011 at 2:58 PM GMT
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