Tag: us dollar

Dollar Up Equals Gold Slightly Off

Dollar Up Equals Gold Slightly Off

The American dollar is up and if you’ve been following along, you know what that means: the long ascending path of gold has stalled for a bit. For the last several weeks, there has been a media campaign by the new administration of U.S. President Barack Obama to bring hope to American consumers.   He’s done several […]

March 30, 2009 | By | Reply More
Gold Standard – Part II

Gold Standard – Part II

Last week we talked about the Gold Standard, which was when the United States government guaranteed each gold-backed American dollar in circulation. With the current economic contraction that is underway, some people are positing the notion that returning to the gold standard would help.  But the reality is that the gold standard contributed to the […]

March 2, 2009 | By | Reply More
Gold Surpasses $1,000 on Fears of Inflation

Gold Surpasses $1,000 on Fears of Inflation

Fears fomented by long-term inflationary concerns over President Obama’s huge stimulus package drove investors to gold as a hedge against likely devaluation of the U.S. dollar. Historically, the price of gold has been intimately wed to the value of the U.S. dollar. This was not difficult to predict. As the dollar loses value, gold gains […]

February 20, 2009 | By | Reply More
Platinum Prices Tied to the Big 3 Automakers?

Platinum Prices Tied to the Big 3 Automakers?

Platinum fell below $800 an ounce on Thursday–a welcome sight for most in the fine jewelry industry, who consequently are able to lower platinum jewelry prices in hopes of motivating consumers to purchase such items as platinum wedding bands. Platinum has exhibited nothing short of a bona fide crash in 2008, with platinum precious metal […]

December 4, 2008 | By | Reply More
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