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Old 11-14-2012, 09:55 PM   #94
Dick Bull Dick Bull is offline
Ugot 99 problems & Bull aint 1
 
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Join Date: Aug 2001
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Quote:
Originally Posted by petegz28 View Post
No, because I want you to learn something of value. But I will help you learn.

You understand what commodities are, correct? Oil, copper, natural gas, coffee, orang juice, pork bellies, etc.?

Now ask yourself, who uses commodities? Answer: Everyone!

Now for the fun part.

Commodites are denominated in what currecncy? Answer: The US$

So now basic economics come into play

What happens to say, the price of copper when the currency in which it is denominated loses value?
I have a basic understanding of inflation. Please indicate where you feel it will be a problem.
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