Tip'd

A community for financial news, ideas, and tips

Welcome to Tip’d, a social media site for finance, investing, and business topics. Want to participate? » Join Tip’d now! or read our FAQ.

Weak Dollar Propels Gold's Status

Posted by tipd 1339 days ago, popular 1339 days ago (http://seekingalpha.com)
Category: Currencies | Tags: dollar gold usd
“As we get to the other side of this, the dollar will get crushed,” John Taylor, chairman of New York-based International Foreign Exchange Concepts, the world’s biggest currency hedge-fund firm, told Australia’s The Age newspaper.
Recent weakness in the U.S. dollar and turbulence in the financial markets are also helping gold regain its status as a universally recognized monetary anchor.
comments 1 Comment   addto Save & Share   Topple Spam? Topple this!

Comments Who Tip'd