Will the falling dollar fuel higher prices in gold, silver and platinum?
*Bloomberg, by Christian Schmollinger and Gavin Evans, September 28, 2007
“Oil Rises Above $83 as Sliding Dollar Spurs Commodities Demand
Crude oil rose above $83 a barrel in New York, set for its biggest monthly gain in three years, as the sliding dollar drew investors to commodities.
The U.S. currency extended declines against the yen and yesterday fell to a sixth straight all-time low against the euro, spurring demand for commodities including gold, platinum, silver and base metals. Oil has gained 16 percent this month.”
*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.
Monex has been a trusted name in precious metals investing for over 50 years. In this time, Monex Deposit Company and its predecessors have engaged in over $60 billion in customer transactions because of our dedication to customer service and satisfaction.