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Tuesday, May 11, 2010

Will competition between gold & dollar ever end?

Over the last few days, there has been a steady complementing studied between the gradual decline of Dollar and the correction of Gold rates. There has always been a debate regarding the inherent value of the two. The dollar has always been traded, compared and exchanged for and against Gold.

Gold is the evergreen king of the precious metal commodity and its trading has revered over changing streams of different eras. Since the abolishment of Bretton Woods System of IMF in 1971, Gold has been replaced with Dollar; due to this replacement many further effects has been triggered, adjustments and movements have been drawn, that reciprocate between the two.



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