However, the lustrous and metallic qualities of gold, its relative scarcity and the difficulty of extraction have only increased the perception of gold as a valuable asset. The values of gold and copper are well correlated with the increase in sulfur abundance, and visible coarse-grained gold (VG) was found in some of the areas richest in gold. It's an honor to receive a gold medal, be told you have a heart of gold, or have a gold credit card. The dollar is likely to drive up the price of gold due to increased demand (because you can buy more gold when the dollar is weaker).
Investing in a Gold backed IRA account is also a great way to take advantage of the potential appreciation of gold. This coincides with comments from others who have tracked gold for decades, as well as with the 8-fold increase in gold recorded after the stagflationary period of 1973-74. Therefore, there is a relationship between the price of gold and the dollar, since it can affect gold prices as the value of the dollar rises and falls.