Another story was developing at this time; the EURO had bounced off its lows and become a much stronger currency. As the dollar was sinking from its high in 2002, and the uncertainty of what affect Central Bank sales would have on the price of gold, the EURO became the only other “safe haven” in the mind of those who were looking to get out of the dollar.
Read More0Jul
10
2009
Jul
10
2009
Jul
8
2009
Jul
3
2009
Digger’s Friday Triple Play
By: Doug Eberhardt
Category: Gold
Tags: audit, debt, Economy, Federal Reserve, free market, Interest rates, savings rate
Jun
30
2009
Jun
26
2009
Jun
24
2009
What Really Backs the U.S. Dollar?
By: Doug Eberhardt
Category: Education Blog, Gold
Tags: Economy, Federal Reserve, Federal Reserve Note, GDP, Gold, Money, Treasury, U.S. Dollar
Jun
2
2009
Confused About Gold and the Dollar? Understand Their Relationship Before You Invest
By: Doug Eberhardt
Category: Gold, Inflation, Interest rates, Investing, U.S. Dollar
Tags: Bonds, Dollar, Gold, Gold Investing, Inflation, Stocks
It’s not known for sure where the concept that an ounce of gold could always buy a nice businessman’s suit came from, but the analogy is used today by many who want to paint a positive picture for gold. The premise of the story is used to reveal the fact that the dollar has lost 95%-98% of its purchasing power …
Read More0May
18
2009