Gold-US Dollar Relation
Tradition says that in moment of panic gold is the refuge, but this time gold has not been a good recommendation.
Friday, October 24, 2008
These are the questions being asked to antiamericans. Why, in the middle of the worst financial crisis since the great depression, the collapse of the banking system and the strongest recession experienced in our lives, is the dollar getting stronger and is giving a hard and strong lesson to the the traditional gold?
With gold as a prime example, the recommendation to protect purchasing power is to diversify by acquiring natural resource assets, particularly productive land.
Paulo de León, from Central American Business Intelligence, analyzes 4 hypothesis for explaining the sustained increase in the price of gold.
The price of the dollar against the Colon has again started to fluctuate, after having spent several weeks at a relatively stagnant level.
The U.S. Dollar has been losing its value, pushed down by unattractive interest rates and lack of investment alternatives.
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