Gold- Gold is quietly becoming the world's currency

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Gold is quietly becoming the world's currency

Wednesday, April 14, 2010
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From Frank Holmes of U.S. Global Investors:

We continue to be encouraged by the price action of gold in the face of a strengthening U.S. dollar. Typically, gold and the dollar move in opposite directions, but so far this year gold is up more than 6 percent, reaching a year-to-date high on Monday. At the same time the dollar has appreciated about 4 percent.

Gold has also been appreciating against...

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Topics:		Gold \| Commodities

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