As Gold Rallies with the Dollar
February 16, 2010 at 09:55 AM EST
With the euro having problems this week, the dollar gained strength. But it’s no longer the case that when the dollar rises in value, gold goes down. Why not? Because the world is becoming increasingly aware that fiat money is immoral and a curse. It is not, for the most part, a conscious realization. But it is a realization nonetheless, because, just as has been true for centuries, those people begin to demand gold (and silver) as a store of value. People realize without thinking much about it that gold and silver have intrinsic value and as such can …