Re: US Dollar Index - New 52 Week Low

Let the Record show that "Scout"
<me4guns@verizon.removeme.this2.nospam.net> on or about Thu, 19 Sep
2024 12:33:24 -0500 did write, type or otherwise cause to appear in
talk.politics.guns the following:

>

For what it is worth, the Ruble is informally pegged to Gold.

>
So is the dollar....

As I understand it, in Russia, there is a link which was made
officially.
In the US, the only link is between what private entities are
willing to accept in fiat currency in exchange.
The Federal Government has no involvement in maintaining the
exchange rate of dollars to gold.

We'll ignore the minor detail that the US government is devaluing
the dollar daily, and has been for decades.  The Dollar is backed by
"the full faith and credit of the United States".  Not sure that will
remain very much in the future.

>
2020 about $1500 per ounce
2024 about $2600 per ounce
Shift 73% increase in price
>
2020 about 85,000 RUB per ounce
2024 about 235,000 RUB per ounce
Shift 176% increase in price.

tschus
pyotr
--
pyotr filipivich
"That rifle on the wall of the labourer's cottage or
working class flat is the symbol of democracy. It is
our job to see that it stays there." ? George Orwell