Hey, if it wasn't convincing six days ago at Forbes, give it another try at Real Clear Markets. That's the meaning of libertarian ideology, as with all ideologies: Repeat until it becomes the truth.
Occasionally gold and the dollar do seem to track each other. This has been so recently under elevated gold prices and repressed dollar prices. Perhaps that's what one should expect when conditions are being manipulated and price discovery is difficult because it is being deliberately obscured. But the so-called correlation between gold and the dollar doesn't hold up over the longer term.
For example, tonight the dollar is trading near its recent closing high, at 91.86. The last time the dollar was near this level was on 11 November 2005, closing at 91.98.
The gold price then in 2005 was not quite $467 an ounce, but tonight gold is nearly $1,218, over 2.5x higher even though the dollar price is nearly identical to what it was almost 10 years ago.
The dollar and gold are not correlated, sorry.
