Gold prices dropped this morning on a stronger U.S. dollar index. What primarily has strengthened the dollar? The FOMC statement on Wednesday. That’s right, with mere word backed by nothing but empty rhetoric the dollar is flying high again.
There’s no need for us to look at the Euro or any of the other currencies the dollar is measured against. All of them are fiat based and in reality will not be strengthened as far as purchasing power goes. Strengthened against one another yes, but does the average person see any benefit? No.
Gold Goliath is not your typical gold dealer.