As stocks tumbled yet again and the price of oil per barrel continues to rise, the bad batch of news continues: gold hurled at $1,000 per Troy ounce. The. highest. ever.
Sure, we could blog on and on about the recession, declining market, and the rising value of gold juxtaposed with the weakening U.S. dollar, but there’s no denying it. Recession-proofing your life is the way to go.
According to the NY Times the dollar tumbled to an almighty low against the euro (as for this morning? It traded at $1.5605. As for the yen? The dollar dropped below 100 yen for the first time since 1995!). The facts persist, there’s no denying it. When it comes to gold, looks like we won’t need to buy this luxury for quite a while but with the raising price so ensues a declining economy.
