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Devaluation of Currency
March 21, 2007

Does the real estate meltdown and eroding stock values warrant concern?

Currency Devaluation

"Federal Reserve Chairman Ben S. Bernanke may be finding his optimism on consumer spending dented after the rout in subprime mortgages and decline in stocks.

Fed policy makers, who set interest rates today, may tweak their statement to reflect risks to the "moderate" economic expansion flagged at the prior meeting. In the past four weeks, more than $700 billion has been wiped from U.S. stock-market value and reports showed late payments on subprime mortgages jumped to a four-year high."

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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