Alert - The U.S. Dollar has lost a full 10 cents on the Euro in the
last two weeks and is now 90 yen to the dollar.
In essence the
strengthening dollar is fading fast. The Yen seems to be more attractive
then dollars with Euro being the second choice.
The
underpinning of the rally in the dollar was based on repatriation of
investor dollars overseas coming home looking for safety but there is no
shortage of dollars worldwide.
There is clearly more dollar
weakness ahead and waiting to buy gold in this environment is
financial suicide.
The dollar WILL NOT be king in a
protracted recession or lite depression as there is nothing to back it
up. The Treasury's willingness to print money in order to satisfy the need
created by huge government spending programs virtually assures a lower
dollar.
We all need to be concerned about the buying power of
the dollar and how that will increase our daily COST OF LIVING.
Gold is critical to protect in these very nervous market. Any single
event could send gold far beyond the reach of the average person. In a
panic, wealthy investors with fistfuls of money will squeeze out the
average buyer strictly from an availability aspect.
Buy now
before it is too late. Better to be a year early than an hour late.
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.
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