Today’s Economy - Rare Coins
August 21st, 2008 | by admin |Today’s economy, with rising gas and food prices, is causing a downward turn in the investments of hobbies. Most people, and rightly so, believe that a hobby is a luxury, not a necessity, and purchasing food is more important than purchasing rare coins. However, what many people do not understand is, the cost of our items would come down if the dollar were a stronger commodity.
Once the dollar was strong and an American going to Europe could expect to receive two pounds for every dollar they brought to England to spend. Now the situation is reversed and an Englishman can expect to receive $1.62 for every pound they exchange for a US dollar. The sad fact is our government is deliberately keeping the dollar weak to bring foreign business to the US, (who would not want to come here if the value of their money exchange was nearly double). The real problem is the government is doing it at the expense of their own people, the ones they are supposed to be representing. Shame on them.
