January 5, 2012

The US Dollar Is Riding Higher But...

Right now, the dollar is riding high. But it's still down over 30 percent over the last decade as measured by the generous US Dollar Index. Gold, by contrast, is up over 350 percent in that period. Of course, past performance does not guarantee future results, but the fundamentals have not changed.

It's worth remembering that mainstream analysts chose the dollar over gold in almost every report over the last 10 years, based on a blind faith in the power of the US government to centrally plan the American economy. The market proved them wrong. - in Business Insider

Related ETFs, SPDR Gold Trust ETF (GLD), PowerShares DB US Dollar Index Bullish (UUP)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
eXTReMe Tracker