Originally Posted by
jpatokal
Well, some people would argue that gold is an independent scale, and the US dollar isn't doing too well measured against it:
http://goldprice.org/gold-price-hist...ear_gold_price
Although obviously one man's "independent" is another man's "speculative investment bubble"...
Yes some would. Gold is commodity, as well as an investment alternative. Price of gold had gone up because of doubts about US$ and due to limited supply of gold. Recent appreciation of dollar has been accompanied by decline in gold prices. It could be an indication of trend of strengthening dollar. More likely it's fear that European countries might unload some gold increasing the supply significantly.