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Competitive devaluation & the future price of gold

Posted on 06 October 2010

From Resourceinvestor.com: The United States, the eurozone, the United Kingdom, Japan and other major economies may be heading into a period of competitive devaluations. Similarly, China and some of the other strong-currency countries are acting to slow revaluation of their own currencies to maintain a competitive edge in world markets.
Each country is responding to domestic political pressure to promote domestic employment and income growth – believing that exchange-rate undervaluation will boost exports, restrain imports, and support its local economy……………………………………….Full Article: Source

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VRS - who has written 40705 posts on Opalesque Commodities Briefing.


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