Poor U.S. Dollar!

Discussion in 'Bullion Investing' started by Yankee, May 19, 2009.

  1. 1970 Silver Art

    1970 Silver Art Silver Art Bar Collector

    At the rate the U.S. dollar is dropping, that could happen in the near future. According to Kitco.com, the exchange rate for U.S$/Euro is $1.42 = 1 Euro. The dollar index is down 0.77 to 78.68.
     
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  3. elaine 1970

    elaine 1970 material girl

    1 british pound = 1.6377 u.s.dollar.

    1 euro = 1.4223 u.s.dollar.
     
  4. justafarmer

    justafarmer Senior Member

    July 2008

    1 pound = $2.00 US Dollars
    1 Euro = $1.60 US Dollars
     
  5. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    What seems to have escaped everyone is that in these times of instantaneous communication, international currency trading, and computers, the world economy can function perfectly well without a reserve currency. The concept of a reserve currency was a valuable idea at the time it was created because everyone was comfortable with having a single reserve currency -- gold. It really isn't necessary now.
     
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