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You Might Not Be Afraid of the Falling Dollar If...

posted 2008.01.14 Monday

Ron Paul (and many, many others) like to rant about how the US Dollar has been falling lately against other currencies, commodities, and basically everything else. But some people probably don't mind the falling dollar so much, such as:

Owners of Gold: the metal is now over $900, up over $100 (over 15 percent) in the last month (same goes for most other metals and commodities).

Tourism Industry: after the post-9/11 hit, the tourism industry, especially in areas such as NY, is certainly enjoying the weak dollar.

American Exporters: basically as standard economic analysis of international trade would predict.

There are, of course, many others. But a weak dollar just doesn't sound very tough, so I don't imagine the gold times will roll forever.

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