2006-10-27 17:53:00 · 7 answers · asked by k_cken 1 in Business & Finance ➔ Other - Business & Finance
Maybe b/c they are directly related? Hello, do you people get past American History or not?
2006-10-27 17:54:48 · answer #1 · answered by sixcannonballs 5 · 0⤊ 0⤋
gold is considered as an international exangable metal..previously there is a direct relationship in printing of currency and gold reserves. now this practice has been changed.if the price of a doller is decreased people will try to save and invest in gold.and at later date or at the peak price of gold they can sell in the market and get good return on investment. if there is more demand for a product naturally the price will be increased. especially metals like gold.
2006-10-28 01:06:25 · answer #2 · answered by sabu 4 · 0⤊ 0⤋
Because when gold is $5 and your dollar goes from $1 to $.75, then you need more.
2006-10-28 00:56:02 · answer #3 · answered by Izzy 5 · 0⤊ 0⤋
when the dollare is devalued investors look for safer avenues to put their money and usually its Gold.
2006-10-28 01:03:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
we need to specify With respect to WHAT? INR?This negative correlation is all about sentiments...
2006-10-28 01:30:07 · answer #5 · answered by Rahul 2 · 0⤊ 0⤋
Yeah, what that last guy said!
2006-10-28 01:01:20 · answer #6 · answered by qamberq 3 · 0⤊ 0⤋
NOOOOOOOOOOOOOOOOOOO
2006-10-28 01:00:55 · answer #7 · answered by cork 7 · 0⤊ 0⤋