Gold…Money…Ipad….Snow?
It’s snowing in NYC, and quite frankly….its effing up everybody’s day
So while Steve Jobs was giving his keynote speech yesterday and the interwebs were exploding with fanboys, haters and everybody in between giving there 2 cents….something interesting happened OUTSIDE this speech.
1.) State of the Union
2.) The U.S dollar is weakening again
For the past two weeks, the US dollar has been strengthening (which has been a bigger surprise than the Ipad in all truth and honesty) but the market is correcting itself to show the true value. Some people say that this is not even the start of the full term market correction.
For those of you who are new to gold buying and selling, silver buying and selling, the price of each precious metal is based on the strength of the current currency. This is judged by inflation and deflation. If inflation occurs, the dollar is worth ‘less’ and thus things cost more and vice versa. People trade commodities, such as gold and silver, as a staple to judge each others currency. So if the dollar is worth less, the price of Gold will increase.
Some interesting trends to watch from the Globe Investor!
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