Skip to main content

How's the Dollar Doing

How's the Dollar Doing - It seems that the world dominant currency has not been doing so great lately. The value of the dollar depends on a number of things: the treasury notes, the exchange rates and the amount of American money belonging to foreign countries. Considering these numbers and the following facts, we can only conclude that the future does not look so great for the American currency.

The US debt is over 13 trillion, which causes taxes to raise and economic development to slow down. There are voices who claim that the American government wants the dollar to go down in order to diminish the relative value of this enormous debt. The euro zone is also confronted with a lot of issues; but the demand for euro is increasing, as many countries want to join the European Union every year. This is why the US dollar seems to lose the combat with its European counterpart. Likewise, as the US dollar seems to be falling down, investors seem to be afraid of keeping their assets in dollars.

How's the Dollar Doing

In times of deep economical crisis, people all over the world are searching for safe investments, to secure their savings. Instead of trying to strike a profitable deal on the stock market, more and more people want to invest in tangible assets which can offer them stability. The growing inflation and the weakening of the US dollar made the price of gold to reach an all-time high.

The demand for gold is growing, but its quantity is limited; the gold supply already fails to meet the demands coming from individual investors, governments and funds. If you want to make a smart investment in times of recession, think of buying gold sovereigns coins, big bars, e-gold or gold mining stocks. If all else fails, gold can never lose its entire value. It can be stored at home or at the bank, in special vaults.

How's the Dollar Doing
Labels:

Comments

Post a Comment

Popular posts from this blog

Farm dogs maul Irish Tourist

Farm dogs maul Irish Tourist - An Irish tourist who was mauled to death by two dogs while visiting an organic farm in Penang yesterday morning had more than 50 bite wounds and lacerations all over his body. Penang Hospital Forensic Department head Datuk Dr Bhupinder Singh, who performed the post-mortem on Maurice Sullivan (pix), 50, today, said he found the wounds on the victim's head, neck, hands and legs. "The victim had died as a result of severe haemorrhage due to multiple injuries from the dogs' bites," he said, adding that there were no signs that Sullivan suffered any ailment at the time of death. Farm dogs maul Irish Tourist Bhupinder also said both Sullivan's ears and the left side of his face were gnawed off in the incident. One of the ears was recovered from the scene. Bhupinder told reporters this after carrying out the post-mortem which began at 10am. Sullivan was attacked by two mongrels at the farm while taking photographs of the gr...
6 comments
Read more

Man Hits Teen on Plane Over iPhone

Man Hits Teen on Plane Over iPhone - Police say a man on a Southwest Airlines flight from Las Vegas punched a teenager who refused to turn off his iPhone as the plane approached the Boise airport. Officers arrested 68-year-old Russell E. Miller, of Boise, on suspicion of misdemeanor battery Tuesday. He has been released from jail on bond. Witnesses told police the 15-year-old was playing games and listening to music on his cell phone when flight attendants instructed passengers to turn off their electronic devices because the plane was landing. Witnesses told police that when the teen didn't respond, Miller got angry and punched the boy in the arm. Miller says he "tapped" the teen on the shoulder after he refused to turn off the phone. He told the Idaho Statesman that he may have "overreacted," but that he did not punch the teen. Man Hits Teen on Plane Over iPhone
5 comments
Read more

Contactless Debit Cards

Contactless Debit Cards - Contactless debit cards will make their formal debut in Canada next year with the launch of Interac Flash from Acxsys Corp.’s Interac Association, Canada’s national debit network. Interac’s first two Flash issuers are Scotiabank and RBC Royal Bank, which will roll out their first contactless cards next summer. The first acquirer is TD Merchant Services, a unit of Toronto-Dominion Bank. More issuers and acquirers are on the way, an Interac spokesperson tells Digital Transactions News, though no announcements have been made yet. Interac and the banks tested Flash this summer at some high-volume, small-ticket merchants in downtown Toronto. The spokesperson expects national merchants will be making formal announcements about acceptance. “There’s a lot of excitement in the merchant community,” she says. “Merchants are looking for that faster throughput.” In a statement, the Retail Council of Canada endorsed the new card. “Interac Flash is a welcome and needed ...
Post a Comment
Read more