The value of the dollar relative to the value of gold. As the dollar loses value, gold gains value. Why is this the case? 866 viewsJanuary 3, 2024 Question99.80K July 3, 2021 0 Comments The value of the dollar relative to the value of gold. As the dollar loses value, gold gains value. Why is this the case? In: Economics 5 Answers ActiveNewestOldest Anonymous Posted July 3, 2021 0 Comments Since the money loses value, its purchasing power goes down. This means you can purchase less for the same $ amount. Thus, when the dollar is worth less, you need to spend more of it to buy the same amount of gold. You are viewing 1 out of 5 answers, click here to view all answers. Register or Login
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