Quote:
Originally Posted by axiomatik
I'm sorry, but do you have any idea what that India report is about? It has nothing to do with the 'value' of the US dollar. It has everything to do with the US and Europe putting sanctions on Iran.
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Yes I understand that that report isn't directly about the value of the US dollar. Do you understand that it IS indirectly about the value of the US dollar?
Quote:
Originally Posted by axiomatik
So India, which is circumventing the sanctions, is paying in gold.
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That's the concern here, if India buys oil with gold other countries might also, that's the potential problem. If it were to happen the thinking is there would be a lot more dollars available thus reducing the dollars worth and spiking golds worth making it a bad time to have a lot of US dollars and a great time to have gold. If the dollar goes low enough of course we're screwed, can't print our way out of that problem.