Another weak day for the US dollar appears before us as the COMEX market just closed moments ago. The US dollar is now worth 1/675 of an ounce, a 94.8% drop since 1970. It is a 58.3% drop since 2001, just 5 years ago. Looking around the cost of gas, housing, paper products, cotton goods and day-to-day needs shows me that the dollar really is weaker through the inflationary money management of the U.S. Federal Reserve. Every investor is looking to Bernanke to see if he will raise interest rates again, but I ignore the man completely — he can raise interest rates to 100%, but if he is still printing more and more money, the damage to the US dollar will continue to rise. Inflation comes from new money destroying the value of old money, and it has nothing to do with interest rates. Don’t believe the hype. Read this entire article at the gold investment site.

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