"Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man's suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt, and today." - Peter A. Burshre
"Thanks in part to mounting U.S. deficits and a weak U.S. economy, the U.S. dollar continues to trend lower. After all, a virtual collapse of the banking sector does have its consequences. For some perspective, today's chart illustrates the current trend in the US dollar (blue line) as well as that other world currency, gold (gray line).
As today's chart illustrates, the performance of the U.S. dollar has varied inversely to that of gold since the latter stages of the credit bubble. It is worth noting that the U.S. dollar is currently testing resistance of its downtrend (red line) while gold makes record highs."
http://www.chartoftheday.com/20091125.htm?A
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