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Old 11-08-2007, 02:04 PM   #1 (permalink)
Head Boy
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Xu Jian says the dollar will weaken further next year, and gold prices will rise

Xu Jian, vice head of the People's Bank of China's Communist Party school, said a sharp rise in the price of gold was a reflection of the dollar's loss of value.

"The U.S dollar's global currency status is shaky and the creditworthiness of dollar assets is falling," Xu, who said he was speaking in a personal capacity, told a financial forum.

He said he expected the dollar to weaken further in 2008 under the impact of the U.S. trade deficit, and that could push the price of gold to $1,000 an ounce from around $835 now.

http://www.metalprices.com/metalNews...&svc=RN&type=1
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Old 11-08-2007, 04:03 PM   #2 (permalink)
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Quote:
Originally Posted by Head Boy
Xu Jian, vice head of the People's Bank of China's Communist Party school, said a sharp rise in the price of gold was a reflection of the dollar's loss of value.

"The U.S dollar's global currency status is shaky and the creditworthiness of dollar assets is falling," Xu, who said he was speaking in a personal capacity, told a financial forum.

He said he expected the dollar to weaken further in 2008 under the impact of the U.S. trade deficit, and that could push the price of gold to $1,000 an ounce from around $835 now.

http://www.metalprices.com/metalNews...&svc=RN&type=1
as long as china hangs its currency arounds the dollars neck like

a anchor how can you expect anything less

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Old 11-09-2007, 10:54 AM   #3 (permalink)
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Damn.. how low can it go.
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Old 11-09-2007, 10:59 AM   #4 (permalink)
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Time to switch ladies and gentleman from outside the USA, i am really looking for euro billers and try to get rid of the dollar sponsors, ofcourse the choose will be less but this is going to kill a lot a non usa webmasters if they dont at least mix it up a but
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Old 11-09-2007, 11:04 AM   #5 (permalink)
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i'm thinking the same dutch harry...
what are the main eu sponsors out there?
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Old 11-09-2007, 11:14 AM   #6 (permalink)
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Damn these are shitty times.
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Old 11-09-2007, 11:14 AM   #7 (permalink)
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Spa cash is one of them and Titan Bucks bills in euro's id others know more let me know.
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Old 11-09-2007, 12:39 PM   #8 (permalink)
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The big problem for me is that I buy services in dollars, and I don't want to pay exchange fees. I can get a free current account from Chase as long as I leave ($5,000) in there all the time. If the dollar is going to carry on sliding, then that increases the cost of running the account.
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Old 11-09-2007, 12:43 PM   #9 (permalink)
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Get a epass account make some sales with a sponsor so you're card is funded to pay you're dollar bills
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Old 11-09-2007, 01:10 PM   #10 (permalink)
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Originally Posted by Dutch Harry
Get a epass account make some sales with a sponsor so you're card is funded to pay you're dollar bills
epass is too expensive, and I'm twitchy about their card. I want to be able to accept dollar cheques for domain payments as well.
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