Image: Flickr

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 begin to lose value.

Silver has experienced a similar jump in value because of the falling dollar. Its value increased by about $3.30, or 26.78 percent, this month alone, marking the largest monthly jump since January 1983. Other precious metals, like platinum and palladium, have also has their futures rise.

Post from: EveryJoe

Gold, Silver Up Thanks to Weakening Dollar

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]

Post from: EveryJoe

Dollar at New Low Against GBP – Adjust Your eBay UK Pricing

If you are not selling on eBay UK, now is the time. Learn why US sellers are turning to eBay UK, and how you can make money selling there.

Post from: EveryJoe

US Dollar is Weak, British Pound is Strong: Sell on eBay UK