Gold, Silver Up Thanks to Weakening Dollar
May 29, 2009 by Mark Ellis
Filed under Business
More and more investors are turning to gold as the dollar continues to fall, pushing up the value of the precious metal. Although the value of gold had been decreasing since late February, investor confidence in gold increased in April and has continued to propel gold toward the $1,000 an ounce mark.
According to Kitco.com, gold is currently at around $980 an ounce. If this trend continues, the value of gold will surpass the ten-year record set in early 2008 when gold was worth $1,002.080 an ounce. Gold has historically served as an alternative currency for investors when the dollar would …read more
Dollar at New Low Against GBP – Adjust Your eBay UK Pricing
The value of the dollar against the GBP just keeps dropping. Today the rate is less than 1.5. According to XE.com, the conversion rate is 1.47. The rate last November was 1.9. If your eBay UK pricing and shiping rates are still based on 1.9, you’d better spend some time changing them or your profits will substantially suffer.
Some sellers are temporarily closing their stores to make the conversions, or to wait out the recession and see what rates do. Click here for more details on adjusting your UK pricing – unless you just like working for free.
[Image Source: Flickr]




