If you haven’t heard already but gold has hit a record high. The price of gold has climbed over the $1,000 mark per ounce. The price of gold has slowly been climbing as investors get worried about a possible recession in the US, and buying up all other commodities, like gold. We’ll just have to keep an eye on the price of gold, as for the dollar, it keeps flip flopping around. It is reported that the US dollar is going to drop even further as details become readily available about the losses that banks have took on the declining US housing market.
With the current interest rate at 3%, even with agressive Whitehouse measures to stimulate consumer spending, it is expected that the 3% rate will drop even more.
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