Explosions in currencies, gold, oil, food: Urgent Steps

October 3rd, 2007 by GoldSilver | Posted in Economic News |

The housing collapse is gaining momentum and the dollar’s woes have barely begun.

  • The Euro has just catapulted to 1.427, its seventh consecutive all-time record high.
  • The Canadian dollar has surged from 61.79 U.S. cents only five years ago to over $1.00, a 31-year high.
  • The Brazilian real has made its highest close since September 2000.
  • The Indian rupee is close to a nine-year peak.
  • Even currencies like the Philippine peso and the Botswana pula are now stronger than the U.S. dollar.

And gold has just hit its highest level in 27 years!

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