What’s In Your Wallet?

Go Gold! From Rueters (via Yahoo):

U.S. gold hits $1,000 record high
Thursday March 13, 9:13 am ET

NEW YORK (Reuters) – U.S. gold futures rallied to a record high of $1,000 an ounce on Thursday, fueled by a combination of a weakening dollar, strong investment demand and inflation fears due to rising crude oil prices.

I’m not a doom and gloom kind of guy, but I once heard a wise man say that it’s possible to have a strong economy with a weak currency, but no country with a weak currency has a strong economy!

Meanwhile the paper in your wallet (from the AP):

Dollar at Record Low in Europe, 12-Year Low Vs. Yen, As Oil and Gold Hit All-Time Highs

FRANKFURT, Germany (AP) — Widespread concern about the U.S. economy pushed the dollar to a record low against the euro and a 12-year low versus the yen Thursday, while the price of gold and oil hit levels never seen before.

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