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Gold Holds Strong Position, Dollar Weakens

Release Date: 
Thursday, August 26, 2010

According to The Wall Street Journal, many are asking if the Federal Reserve's decision to restart its quantitative easing program will trigger a dollar collapse. There is increased concern about the long run inflationary threat posed by recent fiscal and monetary policy.

Adding to the issue is the dollar's weakened position due to zero interest rates, resulting in dollar devaluation. In other words, the dollar could become too cheap too fast. This dramatic move could cause further disruption in an already precarious U.S. economy and trigger a sudden and rampant wave of inflation.

Read full article here.
(Getting Ready For A Dollar Collapse?", The Wall Street Journal, Aug. 23, 2010)

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†This material has been prepared for private use. Although the information in this commentary has been obtained from sources believed to be reliable, Goldline does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice.

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