06.10.2010 - Competitive devaluation & the future price of gold
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
Print