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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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Golds value
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penderite
Oct 07, 2009 02:17PM

Gold is a hedge against inflation.

Just normal economic example, 1 ounce = 1 egg and 1 egg =$1US. This is equivalent to 1ounce = $1US. Now, let suppose inflation kicks where $US depreciate. It is costing $2US / Egg, so gold price should go up to $2US/ounce. Therefore, you will trade your 1ounce gold to $2US, using the $2US to purchase the 1 egg. End relation, still 1ounce gold / egg.

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KENTUNDERBERG
Oct 07, 2009 03:50PM
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runslow
Oct 07, 2009 04:41PM
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EZ Street
Oct 07, 2009 08:54PM
Re: Golds value
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EZ Street
Oct 07, 2009 09:06PM
Re: Golds value
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penderite
Oct 08, 2009 01:32AM
Icon president Re: Golds value/runslow
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KENTUNDERBERG
Oct 08, 2009 09:25AM
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