Gold/Dollar Correlation
"Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man's suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt, and today."
-Peter A. Burshre
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Is there anyone left that does not believe Gold and the Dollar are highly (inversely) correlated?
Source: Chart of the Day
Monday, March 10, 2008 | 03:00 AM | Permalink
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there are enough medium- and short-term swings to make the long-term correlation meaningless for practical investing...
Posted by: Missed | Mar 10, 2008 3:25:29 AM
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