Quote:
Originally Posted by gregpark
Silver will go a lot higher than 80. Most people think that metals are going up. Not so, it's the USD losing value. Depressing really. The value of the dollar has depreciated 88% since year 2000 and will continue to slide.
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That 88% loss of USD value is simply cumulative inflation since 2000 (CPI inflation 2000-2025). That is average 2.6% annual inflation. A little higher than ideal, which would be more like 2%. 2% annual inflation is still 64% cumulative inflation over 25 years.
Any currency will inherently "lose value" over long periods, if inflation is above zero. Not depressing, just means money has to be put to work to earn a return.
On the other hand,
gold price is up 1400% since 2000 (appx $266/ozt 10/2000 to $4212/ozt now). So I don't understand why you think the rise in gold price is simply the dollar depreciating. That is wrong. 1400% <> 88%. Unless I am misunderstanding you.