Mr. Harmston is not interested in hearing my “The Federal Reserve is evil and so is the Supreme Court” rant again, especially since it is all I ever rant about, but goes on to reveal that, “The same ounce of gold still buys approximately 350 loaves of bread today.”
February 24th, 2009 | Mogambo Guru | 1 comment | ContinuedAll Posts Tagged With: "Currencies"
Gold, the Aussie Dollar, the Greenback and You
What is the influence of the Aussie dollar/US dollar exchange rate fluctuations on gold and what does it mean for Aussie investors? That is the question this article will answer…
February 3rd, 2009 | Gabriel Andre | 14 comments | Continued
The Dollar is Performing Well Against Other Currencies
So it is with great relish that this week, my Gratuitous Mogambo Attack (GMA) is the “Economic Focus” column in The Economist magazine, this one titled “The Resilient Dollar”, which I thought would be interesting, in that not only is the dollar strangely going up against other currencies, but still going down against inflation, as are all the other countries in the world that are showing positive rates of inflation, which is, oddly enough, ALL the other countries in the world! Hahaha!
October 14th, 2008 | Mogambo Guru | 2 comments | Continued
The Big News Last Week Came From the Currency Markets… and Gold
Soon, the price of gold will hit the $1,000 mark. Then, you will see something unusual… something exciting… something remarkable. You will see the bull market in gold enter a third stage. At first, only the goldbugs bought the stuff. At $300 an ounce… gold was a no-brainer.
March 3rd, 2008 | Bill Bonner | 1 comment | Continued