Not Finished This Rant!

July 4th, 2005

No sooner did I post that last article and I felt I needed to address something else.

I purchased gold a little over one year ago. It hasn’t yet translated into real large gains for me. Why is that? Gold is a currency and a damn fine one. But so is the Canadian Dollar. The Canadian dollar is the 4th best performing currency. It is right behind the Swiss Franc, which is right behind the Aussie Dollar. What is ahead of every single currency? Gold!

In fact, here’s how Gold is doing when related to a few other currencies:

  • Japanese Yen is seeing gold at a 14 year high.
  • Norweigan Corona is seeing gold at a 25 year high.
  • British Pounds, its at a nine year high.

GROWING PROTECTIONIST SENTIMENT

Posted by tony Filed in Economics, Politics

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