Strength of the Dollar

Contrary to what many people seem to think, and especially promoted by the companies trying to scare people into buying gold – the US dollar has  been getting stronger, not “falling”.

Back before this global panic started, it took about $1.28 to buy one Euro (the most important benchmark currency).  When the panic started breaking out, the US dollar got up to about $1.45 to buy one Euro, but it didn’t stay there very long.  As of today, the dollar is back to $1.25 for a Euro.  While the dollar may decline in the future, for now the world continues to believe that the US is the safest place to weather this storm.

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