From theory to practice - page 539

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Novaja:

Well sometimes there are explanations for phenomena, for example gravitation, no one can try it and not feel it, Einstein calculated that gravitation distorts the trajectory of light, then proved by experience, so maybe with BingBang, found the relic waves, maybe they will find something else)))

Those who die falling from 10 floors will not feel it, but those who stay alive will feel it)))

 
Andrei:

There is no forward movement in the price - the price is controlled by central banks according to their pricing policy, so it is naive to look for logic, much less economic expediency in this.

And in addition to the above:

"we make as much money as we bring to the world" Itzhak Pintosiewicz.

it's the law of the universe, there's no arguing against it.

... Although there are exceptions. soros, which brought down the pound sterling, and the British central bank could do nothing about it. there are exceptions in all systems.

Andrei:

There is no forward movement in the price - the price is managed by central banks according to their pricing policy, so it is naive to look for logic, much less economic expediency in this.

Central banks are not all-powerful.

If export volumes fall, so will the exchange rate.

In 2014, oil fell in price, exports fell in dollars and the ruble depreciated.

[the russian central bank would generally like to set the dollar-ruble exchange rate at 1:1, but can it do so?]

the banks are looking at what situations and what they can do. for example, if the ruble exchange rate were to fall from 1:30 to 1:60, the central bank would not burn through its entire reserve fund ($500 billion) to leave the exchange rate at the same mark.




 
RRR5

All countries print money in a controlled way. as everyone prints money that is why the exchange rate does not fall against other currencies.

The point is that it doesn't always happen that it doesn't fall, then we would have a stationary process, but the process is not stationary, and we can't reduce all currencies, even the major ones to 1, there is a lot of overlap besides "printing" unevenly.
Strong misalignments are aligned to get rid of speculators, as a result we have a stochastic trend that cannot be detected by correlation analysis, in general things are bad.
 
Novaja:
and it is not possible to reconcile all currencies, even the major ones, to 1, there is a lot of overlap, apart from the fact that they "print" unevenly.

Why can't it work? It depends on what you measure it in.

 
RRR5:

Why can't it work? It depends on what you measure it in.

Why not. A kilo of gold will always be equal to 1000 grams (at standard atmospheric pressure), no matter what currency it is in the market. At that rate no inflation will change it, unless the weight measure is changed, and its weight will not become heavier or lighter, it will just be defined in other figures and that's it.

 
Konstantin Nikitin:

Well why not. A kilo of gold will always be equal to 1000 grams (at the standard accepted atmospheric pressure), no matter what its currency will be in the market. At that rate, no inflation will change it, unless the weight measure is changed, and it will not become heavier or lighter, it will just be defined in other figures and that's it.

If we are talking about gold in a more down-to-earth way, its price is always changing.

If gold were a benchmark, it would always rise in value when all the countries in the world are printing money.
 
RRR5:
And in more down-to-earth terms, gold is always changing its price.

If gold were a yardstick, it would always go up as countries print money.

So the American dollar is taken as the benchmark for the value of everything. And they print as much paper as the owners of the machine want.

 
RRR5:
In a more down-to-earth way, the price of gold is always changing.

If gold were a yardstick , its price would always be going up, regardless of how much money all countries are printing.

Money is printed and the amount of money is growing, and gold is mined and the amount of gold is also growing. But it is easier and cheaper to print money than to mine gold. Therefore it would seem that the price of gold should go up, considering the gradual depletion of gold in the bowels of the earth. But, the unrestrained printing of money is held back by the danger of high inflation, and the production of gold can only be held back by a decrease in its reserves in the mines. So the effect of all these factors is what leads to a relatively stable gold price.

 
khorosh:

Money is printed and the amount of money is growing, and gold is mined and the amount of gold is also growing. But it is easier and cheaper to print money than to mine gold. Therefore it would seem that the price of gold should go up, considering the gradual depletion of gold in the bowels of the earth. But, the unrestrained printing of money is held back by the danger of high inflation, and the production of gold can only be held back by a decrease in its reserves in the mines. So all of these factors lead to a relatively stable gold price.

The dollar is printed every year at 7%. and inflation in america is 2% a year.


gold is money only because it is believed to be money.

 
RRR5:
In more down-to-earth terms, gold is always changing its price.

If gold were a benchmark, its price would always go up when all the countries in the world are printing money.

So what? Its weight has not changed, neither has its value, and the exchange rate is merely a market manipulation.
Just for the record. Take the same USD. Its purchasing power, and now compare it for years, then for decades, and for hundreds of years. From what we will see, how the real value of the same gold changes in relation to USD. And all these time fluctuations are just noise and nothing more.

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