Invest in Gold Than US Dollar

US dollar is becoming ridiculously cheap now. There is almost no difference between US currency and Canadian currency exchange rate. Whereas Gold is becoming more expensive every year. It does raise a legitimate question to investors; should investors buy gold than US dollar for future return of their investment?
Weak US dollar is not only hurting US economy and large investment companies but also hurting bloggers all over the world. I even wrote an article at the beginning of this blog on how Canadian dollar and US dollar exchange rate has been changed for past 3-4 years.
Many of you know that US dollar was one of the strongest currency all over the world. People invested their hard earn cash by purchasing property with US dollar. Now, since the dollar price has dropped dramatically, investors cannot expect good return anymore from those investment.
Many economist blame last 2 wars by The United States against Afghanistan and Iraq and the expenditure of the war which have indirect effects on the currency exchange rate drop. Beside US dollars biggest competitor Euro is becoming stronger everyday.
| On the other hand Gold which is another popular form of investment is becoming more expensive every year. If we look at the Gold price chart (by Goldline ) from last 5 years we can easily predict that Gold is the ultimate investment choice for many smart investors these days. |

Aug 25th, 2007 | 608 Views | Posted in Blogging | 1 Comment | Print






sure you can invest in Gold but diamonds are safer and you wont need a huge vault to store a few thousand dollars worth of the stuff.