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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Golds value

Golds value

posted on Oct 07, 2009 02:17PM

I have a question for those who are far more versed in the money markets than I .

If gold is supposed to be one of the best thngs to own, when the US dollar tanks, how does gold keep it's value when it is priced in US dollars? If one wants to sell some gold to , say, buy that mid-life crisis sports car, and your going to get US dollars that are now worth much less than when you bought, don't they kinda cancel each other out? Especially if what the doomsayers are saying, that the US dollar will be next to useless as a currency.

Am I missing something here?

Probably...

P

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