Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: Re: The dollar
1
Oct 27, 2008 01:03PM
2
Oct 27, 2008 01:13PM
4
Oct 27, 2008 01:21PM

Why is the dollar so strong and gold so low?

1. The rest of the world is having problems, some countries including a lot of Europe are in worse case than the US

2. As oil went upt he dollar went down largely due to the US trade deficit. The much talked about $700 billion dollars spend on foreign crude will be significantly less at $65 a barrel.

3. This econmic situation is causing Americans to spend within their means and reduce borrowing even though the federal government is printing money likes it is going out of style.

4. The demand for consumer gold, jewelry etc. I would assume is way down.

Share
New Message
Please login to post a reply