Thursday, November 12, 2009

What Happened to Gold Prices? Why Did This Happen?

This article can be used for November 17th.
What is going on with gold?  Why is this happening?

51 comments:

JBiddle7 said...

This is not good. Even though gold prices are up, this means that dollar prices are down. The stock market also being down is a bad thing.

Tyler Manley said...

The stock market being down could be due to the price of gold being up and the value of the dollor being down.

Shamicak5 said...

I don't think this is good at all because even though the demand for gold is up meaning the prices are going to go up means the value of a dollar are down. the stock market being down does not make it any better at all!!!!!!!!!!!!!......... we think that the economy is getting better then we get kicked right back down.

Luke Sherron said...

I don't think this is good. Yes, the price of gold is up but the dollar is down and the stock market is down. This is not a good sign. It does not show the economy getting better. I think we have a long way to go.

BrianM6 said...

i think honestly this doesn't even matter that the dollar is down and gold prices are up because the economy is soooooo crappy that we will probably never get out of this no matter what we do we will most likely be in a recession for the rest of our generation

ShelleyT6 said...

i agree that this is not a good thing. Having the price of gold up and the value of the dollar down don't exactly even things out. and having the stock market down doesn't help us think we're actually out of the recession.

Chris Edwards said...

First of all the stock market and the dollar are both down and even though the price of gold is up, this is still not a good sign. We have a long way to go even though the economy is getting a lot better as the days go by.

MehlxyM2 said...

While I think it's all great that the gold prices are up, it's good for the gold salespeople, but I don't think it helps the country any. The dollar price is down and the stock market is down, so the recession doesn't look too close to ending, even though gold is pretty important. O_O

JazminTH said...

It makes sense that the dollar is dropping. Especially with Obama printing more money. The more money that is printed the less value each dollar has. And what is worse is that the euro is growing. This is similar to the way Middletown's economy is. We are dropping when the areas around us are getting better.

msalser7 said...

The gold prices are rising while the dollar is weak. This means people don't have faith in the U.S. currency. Gold will always be desired by every part of the world because all throughout history it has been a precious metal used to trade. Currencies will fail but there will always be gold.

Abbie said...

Even though the price of gold is rising, the value of the dollar is going down. This doesn't seem like good news for the economy and the recession. The US currency is losing its reliability with the US citizens. Maybe someday this will all be cleared up.

Heather said...

I don't think this is good but it's not all necessarily bad . The price of gold is up, thats a plus I guess. But the dollar and stock market are down which can have a hard turn for us. It'll be a little struggle but we'll make it.

MikeyBrown7 said...

The stock market is down, because the price of gold is going up, with this being said the value of the dollar is lowering this making the stock market yet fall again.

briannab5 said...

the value of the dollar is ddropping and that isnt a good thing

AshleyS6 said...

with the price of gold up and the value of the dollar down it isnt helping this economy at all. when the price of dollar goes down so does the stock market which also is bad.

N_Squire said...

I think that this is a good thing because the dollar being down means inflation and inflation means economic expansion and the economy expanding is a good thing that will help us get out of this recession.

HOLOGRAPHICpizza said...

Gold prices are screwed up, the dollar is screwed up, our economy is screwed up, our government is screwed up, everything is all screwed up because people are stupid.

Sarah B. per#4 said...

This is not a good thing. Our money used to be backed by gold, the value of our dollar is down. Inflation is way up and so is unemployment. The recession to me is not over just yet. Too many people are still unemployed and a lot of businesses are cutting down on wages and employees. Gold is no longer worth anything because money has taken its place. Gold is not worth what it used to be, and that is definitely not a good thing. It means our economy is bad.

BreeLipscomb08 said...

even though the prices of gold went up, the price of the dollar went down which is not good.

agg2011 said...

The fact of the matter is now that gold prices are up doesnt equal out with the price of the dollar going down. Due to this our economy isnt going to see an expansion until someone thinks of something quick. And as of now this recession will just stay put

veronica(: said...

I don't think this is good at all because even though the demand for gold is up meaning the prices are going to go up means the value of a dollar are down.

L.Howardperiod7 said...

It's not a good thing that the dollar and stock are down. The fact that we are still coming out of the recession makes it even easier for us to slip back in when these kinds of things happen. It doesn't really make any difference to us that the price of gold is up.

keisha said...

this is not good because the value of the dollar is going was down. If gold is going up it doesnt matter and the sock markets are down so everything is a mess

Whitney said...

The value of gold is going up and the value of a dollar is going down.. It means everything is going to be more expensive and people don't trust in the american dollar anymore.. It's like if the dollar menu at McDonalds went up in prices and you had to pay $2 for a mcdouble that would normally by cheaper.

Alec said...

It's scary to think that the demand for gold is going up and the value of the dollar is going down. The stock market is also down the gutter so things aren't looking to positive.

dross =] said...

This is another example of how our economy isn't getting better anytime soon. If the demand for gold is up, that means the value of the dollar is down. this causes the stock market to be low, which is another sign of our economy digging deeper into the recession.

dross =] said...
This comment has been removed by the author.
Jakefletcher said...

The stock market is going down, because the price of gold is going back, this being said the value of the dollar is lowering this making the stock market yet fall again. This isn't good for our economy hopefully this will be resolved in the near future.

kaygibb said...

the price of the dollar went down so the fact that gold went up doesnt really matter. things are still lookin bad for the economy.

Austin Mooney said...

I agree with Luke. Since money isn't backed by gold, the price of gold has no effect on the dollar. This doesn't show the economy getting better. In fact, it actually shows it getting worse since the dollar is expected to continue to decrease in value.

celeste =] said...

The value of the dollar is not backed by gold. So there is no direct correlation between gold prices rising and the value of the dollar declining. I think the value of all currency is constantly bouncing as different factors switch in the country day by day.

Allyson said...

This just furthers what i think about the economy getting no better. Yeah, great, people are getting money for their gold. But the reality is, the dollar value is down and the recession continues.

ConorO'Hea said...

Everything seems to be rising at this point, except for the value of the dollar. Inflation is rising and the demand for gold is going up as well. Not to mention the unemployment is still up so nothing is really looking good at this point. I guess the only good thing is that the only place these rates can go from here is up. Its just a matter of time before these issues are resolved.

Anonymous said...

This is really not good. The even though the price of gold is up, it decreases the value of our dollar. Which in a way makes no sense, considering our money is not backed by gold. This can all be related to inflation and the cause and effect of it's movement.

Anonymous said...

I don't think it really matters that gold prices are up and dollar prices are lower because the US is going to still have a crappy economy regardless.

elyniP4 said...

When the price of gold goes up then the price of the dollar down which I don't think is good at all. The stock market is also still down so our economy isn't doing good. I think were slowingly coming out of the recession but were still doing bad...

astrother7 said...

The stock market is going down, because the price of gold is going back, this being said the value of the dollar is lowering this making the stock market yet fall again. This isn't good for our economy hopefully this will be resolved in the near future.

ChrisShort said...

Things are still kinda rough. Its not terrible that the dollar is going down so much. Hopefully it doesnt get much worse. Hopefully sometime soon we'll figure out this whole economy thing

AJDowning4 said...

Gold prices are going up, and the value of the dollar is going down. This is not good for our economy. The stock market going down is not helping this situation.

dpaynter4 said...

Even though gold prices are going up, the value of a dollar is going down. This is not good for the economy. This is not helping the recession.

dpaynter4 said...

Even though gold prices are going up, the value of a dollar is going down. This is not good for the economy. This is not helping the recession.

AOsborne5 said...

the price of gold is going up but the value of a dollar is going down, this means that people are not trusting the US. gold will probably always be move valuable than US currency. the stock market has an impact on the value of the dollar also.

drp11 said...

I don't think that this is good. Yes The Gold Prices Are Going Up, But The Value Of A Dollar Is Going Down, & the stock market being down isn't doing good either, things are just going crazy for the economy right now , things need to get better. FAST !

jparks5 said...

Money isn't backed by gold. So I don't think the price of gold can affect the value of the dollar too much. The stock market goes up and down all the time hopefully it'll start to comeback up.

joe davis period4 said...

The way the stock market goes up and down, this article is durig a down time. Which means the gold prices are up but the value of a dollar are down and this is so not good.

Eva Estrada said...

well see
i see whats going on
the economy is affecting everthing
the gold too because nobody is buying it and they to much now
my boyfriend works on a jewelery apartment and the gold in mexico is expensier then united states but if your paying in dollars of course is way cheaper bnt it shouldnt be like that
united states gold should be way expensier...

Stephanie ! said...

stocks are continuing to fall , & that kind of indicates why the gold prices are going up . making dollar prices go down. the economy is continuing to fall i believe, not rise.

Lindsey B. said...

I got bad feeling about this.......

Anonymous said...

THe gold prices is go up, that happend because the dollar down so that no good because that mean the economic go down to, so the stock market being down does not make it any better at all.

kward4 said...

since the recession gold cost more so certain businesses are paying for gold.

kward4 said...

they're buying gold