The real reason why Dollar sank as gold hits 27-year high
Peter Oberois
Sep. 29, 2007

The approach the central banks in Europe and America are taking to fight the financial meltdown is alarming. They plan to print truckloads of currency and just help the banks and financial institutions avoid becoming the casualty.

In spite of benign inflation data, the gold jumped and dollar collapsed into 27 years extreme figures. The inflation is controlled but the central banks’ desire to print currencies is not. The gold market can hit $1000 per ounce if the Federal Reserve and ECB continue to print currencies and provide the artificial liquidity.

Europe will first plunge into recession with higher Euro against the dollar. US will slowly sink into an economic quagmire that will be best termed as stagnation and little better than recession.

The real reason why Dollar sank as gold hits 27-year high
Peter Oberois
The approach the central banks in Europe and America are taking to fight the financial meltdown is alarming. They plan to print truckloads of currency and just help the banks and financial institutions avoid becoming the casualty.
READ MORE>>

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