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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: Re: Golds value
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Oct 07, 2009 02:17PM
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Oct 07, 2009 03:05PM
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Oct 07, 2009 03:50PM
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Oct 07, 2009 04:41PM
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Oct 07, 2009 08:54PM
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Oct 07, 2009 09:06PM

Thanks EZ. One thing I've noticed in everyones explanation is that although gold goes up, becasue of the dollar going down, the gold isn't worth the 20,000 when you decide to sell and use it for something, it is only worth 10,000, because, as in your scenario, the dollar is only worth half of what it was when I bought the gold. But I see that the gold is still worth twice what my dollars would have been worth if I had kept them.

Thanks all for helping me understand this better.

P

ps. just read your second post, which basically pointed out what i just said.....thanks

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Oct 08, 2009 09:25AM
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