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The New Gold Rush: Dollar is Down
– China Rises Up
Investors are rushing into gold and driving down the U.S. dollar. For the first time since the height of the banking crisis, the value of an ounce of gold has topped the psychologically significant ceiling of $1,000.
Why the stampede? Investors are losing confidence in [...]
Posted by Jim Trippon on Wednesday, September 9, 2009 at 4:40 am
Filed under China Market Commentary · Tagged China Markets, china stock, china stock digest, china stock market, Chinese economic environment, chinese economic expansion, dividend genius, global reserve currency, international monitary authority, Investment China, jim trippon, SDRS, Special Drawing Rights, Special Drawing Rights (SDRs), united nations, US dollar, USD
